Yesterday the Senate Finance Committee merged H680 as Part V of House Bill H1224. The Committee Substitute (PCS) combines and enacts The Jump-Start Our Business Startups Act (The NC JOBS Act, H680 as previously passed by the House) and four other entirely separate economic development bills. The PCS combines all bills into one labeled as H1224 Local Sales Tax Options/Econ. Devpt. Changes Parts I, II, III, IV, and V. Part V Crowd Funding with the Invest NC Exemption is the same as the previous version of H680 passed by the NC House last year.
This is a change in process from the previous attempts to merge H680 with Senate bill S734, and to merge H680 with Senate bill S522.
The bill has been approved by the Senate Finance committee and as a second reading on the full Senate floor. The bill will be brought to a final Senate floor vote and then back to the House for approval.
We will post further updates on the blog. Information about the changes on the ncleg.net website will be updated soon. Press coverage can be viewed on WRALTechwire.