NORTH CAROLINA GENERAL ASSEMBLY

1973 SESSION

 

 

CHAPTER 1349

SENATE BILL 1393

 

 

AN ACT TO END FRANCHISE TAXES ON PUBLIC IN-SERVICE COMPANY, SPECIFICALLY AMENDED, G.S. 105-116.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 105-116 is amended in subsection (b) therein by inserting between the words "electric membership" and the word "corporation" in the two sentences in which those words appear together the additional words "or non-profit".

Sec. 2.  This act shall become effective upon ratification.

In the General Assembly read three times and ratified, this the 12th day of April, 1974.