NORTH CAROLINA GENERAL ASSEMBLY

1979 SESSION

 

 

CHAPTER 892

SENATE BILL 33

 

 

AN ACT TO REDEFINE "SOLAR HOT WATER, HEATING AND COOLING EQUIPMENT" FOR PURPOSES OF INCOME TAX CREDIT.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 105-130.23(b) is rewritten to read as follows:

"(b)      For the purpose of this section, the term 'solar hot water, heating and cooling equipment' means any hot water, heating, cooling, or heating and cooling equipment which meets the definitive performance criteria established by the U.S. Secretary of the Treasury or any other performance criteria approved and published by the Secretary of Revenue."

Sec. 2.  G.S. 105-151.2(c) is rewritten to read as follows:

"(c)       For the purpose of this section, the term 'solar hot water, heating and cooling equipment' means any hot water, heating, cooling, or heating and cooling equipment which meets the definitive performance criteria established by the U.S. Secretary of the Treasury or any other performance criteria approved and published by the Secretary of Revenue."

Sec. 3.  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 8th day of June, 1979.