NORTH CAROLINA GENERAL ASSEMBLY

1979 SESSION

CHAPTER 803

HOUSE BILL 1418

AN ACT TO CLARIFY THE INCOME TAX CREDIT PROVIDED FOR CONSTRUCTION OF DWELLING UNITS ACCESSIBLE TO HANDICAPPED PERSONS.

The General Assembly of North Carolina enacts:

Section 1.  G.S. 105-130.22, as the same appears in the 1977 Cumulative Supplement to 1972 Replacement Volume 2D of the General Statutes, is amended by deleting from lines 8 and 9 thereof the phrase "which does not exceed five percent (5%) of the total of such units completed during the taxable year", and substituting therefor the phrase "which were required to be built in compliance with Section (IIX) of the North Carolina Building Code".

Sec. 2.  G.S. 105-130.22 is further amended by adding a new sentence at the end thereof to read as follows:

"When he has recorded the number of such units on the face of the occupancy permit, the building inspector shall promptly make and forward a copy of the permit to the Special Office for the Handicapped, Department of Insurance."

Sec. 3.  G.S. 105-151.1, as the same appears in the 1977 Cumulative Supplement to 1972 Replacement Volume 2D of the General Statutes, is amended by deleting from lines 8 and 9 thereof the phrase "which does not exceed five percent (5%) of the total of such units completed during the taxable year", and substituting therefor the phrase "which were required to be built in compliance with Section (IIX) of the North Carolina Building Code".

Sec. 4.  G.S. 105-151.1 is further amended by adding a new sentence at the end thereof to read as follows:

"When he has recorded the number of such units on the face of the occupancy permit, the building inspector shall promptly make and forward a copy of the permit to the Special Office for the Handicapped, Department of Insurance."

Sec. 5.  This act shall be effective with respect to taxable years beginning on and after January 1, 1979.

In the General Assembly read three times and ratified, this the 6th day of June, 1979.