HB 250: Annual Report Due Date/Deployed Servicemembers. - North Carolina

A1: ATG-28-V-2 → Edition 1 · 7 edits

MODERATE

This bill was converted from an amendment document to a full legislative bill. It creates exemptions from annual report filing requirements and fees for business entities owned by deployed military members, extending due dates and waiving associated costs.

Scope change

The bill now covers both corporations (under Chapter 55) and limited liability companies (under Chapter 57D), whereas the amendment version only referenced LLCs.

SCOPE

Expanded coverage to include both domestic and foreign corporations in addition to LLCs.

DEFINITION

Added a formal definition of 'deployed member of the Armed Forces' covering active duty and reserve components removed from their county of residence.

TIMELINE

Changed the annual report due date to 90 business days after deployment ends, with retroactive filing allowed if extension documentation is provided.

REQUIREMENT

Requires corporations to file a notice of deployment before deployment begins, including orders or verification from commanding officers.

ENFORCEMENT

Modified dissolution grounds to only apply if delinquency extends 180 days or more past the end of the deployment period.

FISCAL

Waives all fees for annual reports and filing notices for eligible deployed military-owned business entities.

ELIGIBILITY

Requires more than 50% ownership interest by deployed military members to qualify for the exemption.

Filed → A1: ATG-28-V-2 · 2 edits

MINOR

The bill was amended to fix a formatting error in the amendment instructions and to correct a typo in the statutory text that cut off mid-word. No substantive policy changes were made to the bill's provisions regarding military deployment exemptions.

TECHNICAL

Added amendment instructions specifying changes to pages 4, lines 10 and 19, which appear to be editorial corrections to the amendment process itself rather than changes to the bill content.

Corrected a truncated word in the original bill text where 'under' was cut off mid-sentence in the deployment date exemption provision.

Edition 3 → Edition 4 · 3 edits

MINOR

This is a technical revision of HB 250 that updates the bill's edition number and version identifier from Edition 3 to Edition 4. The changes reflect the bill's progression through the legislative process, with the fourth edition being the engrossed version approved on April 29, 2025. No substantive policy changes to the bill's requirements, scope, or applicability are present in this diff.

TECHNICAL

Updated bill edition number from 3 to 4 and changed version identifier from H250-v-3 to H250-v-4 to reflect the latest legislative version.

Added Fourth Edition Engrossed date of 4/29/25 to document the bill's final approved version.

Removed blank lines and previous edition markers that are no longer relevant to the current version.

Edition 2 → Edition 3 · 6 edits

MODERATE

This bill was amended to expand its scope from only covering corporations to also include limited liability companies (LLCs). The revision adds specific definitions for 'Armed Forces' and 'deployed member,' clarifies the documentation required for deployment notices, and adjusts the timeline for filing annual reports and extended deployment affidavits. These changes ensure that military-owned businesses of both types receive consistent relief from annual reporting burdens while deployed.

Scope change

The bill's scope was expanded to include LLCs in addition to corporations, whereas the previous version only applied to corporations.

SCOPE

Added LLCs to the list of business entities covered by the annual report extension and fee waiver provisions.

DEFINITION

Introduced explicit definitions for 'Armed Forces' (now including Space Force) and 'deployed member' to clarify eligibility criteria.

REQUIREMENT

Changed the deployment notice requirement from a general notice to a sworn affidavit executed by the deployed member, with specific information fields including full name, ownership percentage, and deployment dates.

Added a new requirement for filing a sworn affidavit of extended deployment within 180 days if the deployment is extended beyond the original dates.

TIMELINE

Adjusted the annual report due date calculation to be 90 days following the end date stated in the affidavit, rather than 90 business days following the actual end of deployment.

ENFORCEMENT

Updated dissolution grounds to reference the affidavit filing date rather than the actual deployment end date for determining delinquency periods.

Edition 1 → Edition 2 · 5 edits

MODERATE

This bill waives annual report requirements and fees for businesses owned by deployed military members. The revision clarifies eligibility criteria, extends the waiver period to cover deployment extensions, and adds specific definitions for what constitutes a deployed member under the law.

Scope change

The bill's scope was expanded to include LLCs in addition to corporations, and the eligibility criteria for the waiver were refined to better define deployment periods and extension handling.

ELIGIBILITY

Added specific definition of 'deployed member' requiring official orders and specifying that deployment must end on or after the ninetieth day preceding the annual report due date.

TIMELINE

Extended the annual report deadline to include deployment extensions, requiring reports to be filed within 90 business days after the extension period ends rather than just the original deployment end date.

REQUIREMENT

Added requirement for LLCs to be included in the exemptions, expanding the bill's applicability beyond just corporations.

ENFORCEMENT

Clarified that dissolution grounds only apply if delinquency extends 180 days or more past the deployment period end date, providing additional protection for businesses during extended deployments.

TECHNICAL

Removed reference to 'his or he' in the definition of deployed member and corrected to 'his or her' for grammatical accuracy.

Annual Report Due Date/Deployed Servicemembers.

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