H.B. 334
GENERAL ASSEMBLY OF NORTH CAROLINA
Mar 17, 2021
SESSION 2021 HOUSE PRINCIPAL CLERK
H D
HOUSE BILL DRH30175-MCf-157
Short Title: Temp Align PPP Treatment to Federal Treatment. (Public)
Sponsors: Representatives Pickett and Saine (Primary Sponsors).
Referred to:
1 A BILL TO BE ENTITLED
2 AN ACT TO ELIMINATE THE ADDBACK FOR BUSINESS EXPENSES DEDUCTED TO
3 THE EXTENT THE PAYMENT RESULTS IN FORGIVENESS OF A COVERED LOAN
4 UNDER THE FEDERAL CARES ACT FOR THE 2020 TAXABLE YEAR ONLY.
5 The General Assembly of North Carolina enacts:
6 SECTION 1.(a) G.S. 105-130.5(a)(32) is repealed.
7 SECTION 1.(b) Effective for taxable years beginning on or after January 1, 2021,
8 G.S. 105-130.5(a)(32) is reenacted as it existed immediately before its repeal.
9 SECTION 2.(a) G.S. 105-153.5(c2)(20) is repealed.
10 SECTION 2.(b) Effective for taxable years beginning on or after January 1, 2021,
11 G.S. 105-153.5(c2)(20) is reenacted as it existed immediately before its repeal.
12 SECTION 3. Except as otherwise provided, this act is effective for taxable years
13 beginning on or after January 1, 2020.
*DRH30175-MCf-157*


Statutes affected:
Filed: 105-130.5, 105-153.5
Edition 1: 105-130.5, 105-153.5
Edition 2: 105-228.90, 105-130.5, 105-153.5
Edition 3: 105-228.90, 105-130.5, 105-153.5
Edition 4: 105-130.5, 105-153.5, 105-153.7, 105-130.3, 105-122, 105-114.1, 105-120.2, 105-129.71, 105-129.75, 105-228.5, 105-113.4, 105-113.4F, 105-113.5, 105-113.12, 105-113.18, 116-29.1, 105-164.4, 105-164.13, 105-164.3, 105-187.1, 105-187.9, 105-278.2, 105-277.1F, 105-282.1, 105-275, 105-236, 105-228.90, 105-131, 105-131.1, 105-131.7, 105-131.8, 105-153.3, 105-154, 105-153.9, 105-160.4, 105-163.38, 105-163.39, 105-163.7, 105-163.8, 105-241.6, 105-252.1, 105-83, 105-130.7B, 105-130.8A, 105-251, 105-164.13E, 105-259, 105-113.4B, 105-449.76, 119-19, 105-113.35, 105-113.37, 105-113.83, 105-113.86, 105-449.45, 105-449.60, 105-449.115, 105-449.115A, 105-449.123, 105-278
Edition 5: 105-130.5, 105-153.5, 105-153.7, 105-130.3, 105-122, 105-114.1, 105-120.2, 105-129.71, 105-129.75, 105-228.5, 105-113.4, 105-113.4F, 105-113.5, 105-113.12, 105-113.18, 116-29.1, 105-164.4, 105-164.13, 105-164.3, 105-187.1, 105-187.9, 105-278.2, 105-277.1F, 105-282.1, 105-275, 105-236, 105-228.90, 105-131, 105-131.1, 105-131.7, 105-131.8, 105-153.3, 105-154, 105-153.9, 105-160.4, 105-163.38, 105-163.39, 105-163.7, 105-163.8, 105-241.6, 105-252.1, 105-83, 105-130.7B, 105-130.8A, 105-251, 105-164.13E, 105-259, 105-113.4B, 105-449.76, 119-19, 105-113.35, 105-113.37, 105-113.83, 105-113.86, 105-449.45, 105-449.60, 105-449.115, 105-449.115A, 105-449.123, 105-278
Edition 6: 105-130.5, 105-153.5, 105-153.7, 105-130.3, 105-122, 105-114.1, 105-120.2, 105-129.71, 105-129.75, 105-228.5, 105-113.4, 105-113.4F, 105-113.5, 105-113.12, 105-113.18, 116-29.1, 105-164.4, 105-164.13, 105-164.3, 105-187.1, 105-187.9, 105-278.2, 105-277.1F, 105-282.1, 105-275, 105-236, 105-228.90, 105-131, 105-131.1, 105-131.7, 105-131.8, 105-153.3, 105-154, 105-153.9, 105-160.4, 105-163.38, 105-163.39, 105-163.7, 105-163.8, 105-241.6, 105-252.1, 105-83, 105-130.7B, 105-130.8A, 105-251, 105-164.13E, 105-259, 105-113.4B, 105-449.76, 119-19, 105-113.35, 105-113.37, 105-113.83, 105-113.86, 105-449.45, 105-449.60, 105-449.115, 105-449.115A, 105-449.123, 105-278
Ratified: 131D-4.5C, 84-21
SL 2021-189: 131D-4.5C, 84-21