North Carolina 2023-2024 Session Status: In Committee 11 D cosponsors

SB 478 — Small Business Capital Improvement Account.

Last action — Passed 1st Reading

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2023-2024 Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

10 added · 11 removed

Plain-language change summary

The amendment to SB 478 clarifies the title of the bill by replacing 'ANACT' with 'AN ACT,' ensuring proper formatting and readability. Additionally, minor modifications were made to the language to improve clarity around small businesses' ability to eliminate state income taxes on certain items. These changes matter because they enhance the bill's clarity, making it easier for stakeholders, particularly small business owners, to understand how it applies to them.

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FILED SENATE GENERAL ASSEMBLY OF NORTH CAROLINA Apr 3, 2023 S.B.
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2023 S 1 SENATE BILL 478 Short Title:
478 SESSION 2023 PRINCIPAL CLERK S D SENATE BILL DRS35187-NIf-87 Short Title:
A BILL TO BE ENTITLED ANACT TO ALLOWSMALLBUSINESSES TOELIMINATESTATE INCOMETAXES ON A PORTION OF REVENUE IF USED FOR CAPITAL EXPENDITURES.
Rules and Operations of the Senate April 4, 2023 A BILL TO BE ENTITLED ANACT TO ALLOW SMALLBUSINESSES TOELIMINATESTATE INCOMETAXES ON A PORTION OF REVENUE IF USED FOR CAPITAL EXPENDITURES.
– In calculating North Carolina taxable income, a taxpayer must add to the taxpayer's adjusted gross incomeanyofthefollowingitems thatarenot included in thetaxpayer's adjusted gross income:
– In calculating North Carolina taxable income, a taxpayer must add to the taxpayer's adjusted gross incomeanyofthefollowingitems thatarenot includedin thetaxpayer's adjusted gross income:
…." *DRS35187-NIf-87* General Assembly Of North Carolina Session 2023 SECTION 2.
…." *S478-v-1* General Assembly Of North Carolina Session 2023 SECTION 2.
Page 2 DRS35187-NIf-87
Page 2 Senate Bill 478-First Edition
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Action History

  1. Passed 1st Reading

  2. Ref To Com On Rules and Operations of the Senate

  3. Filed

Sponsors

Sponsorship breakdown

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2 sponsors · 9 co-sponsors · 168 not signed on

Sponsors (2)

Co-sponsors (9)

Not signed on (168)

168 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation housing labor
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 478?
SB 478 is sponsored by Sydney Batch (Democratic), Michael Garrett (Democratic), Jay J. Chaudhuri (Democratic), Val Applewhite (Democratic), Mujtaba A. Mohammed (Democratic), Natalie S. Murdock (Democratic), Gladys A. Robinson (Democratic), DeAndrea Salvador (Democratic), Joyce Waddell (Democratic), Kandie D. Smith (Democratic), and Graig Meyer (Democratic).
What is the current status of SB 478?
This bill died with 2023-2024 Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 478?
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Last checked for changes 3 months ago · updated continuously

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