SB 770; A1 - NC Farm Act of 2016 – Amendment 1

Amendment 1 to Senate Bill 770, NC Farm Act of 2016

This amendment would delete a section of the bill that would extend by two years the state tax credit for constructing renewable energy facilities. Under current law, the state tax credits are scheduled to expire for facilities placed into service on or after Jan. 1, 2017.
In short, voting for the Amendment was a vote to allow the tax credits to expire; and voting against the Amendment was vote to extend the tax credits.

The amendment represented a simple, clear-cut opportunity to oppose the renewable tax credit extension while not impacting any other aspect of the bill. The conservative vote is yes. RCS #1383 (33-79)