SB 478

North Carolina Senate bill in Session 2025.

Status: in_committee. Latest action: March 26, 2025.

Enhancing Ag. Opportunities in Rural NC.

Bill ID NC-2025-SB-478
Session 2025
Status in_committee
Committee Rules and Operations of the Senate
Senate in_committee 2025-03-26
Summary

Amends GS 105-130.5(b) by adding new subdivision (33), which allows banks to deduct from their state taxable income the interest, fees, and penalties received on loans secured by agricultural land as defined in GS 105-277.2.

Sponsor
Buck Newton
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-03-25 Introduced Bill introduced
2025-03-26 Status in_committee
2025-03-26 Latest Action Ref To Com On Rules and Operations of the Senate
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