---
type: "Bill"
title: "Present-Use Value Buyout Credits."
description: "Present-Use Value Buyout Credits."
jurisdiction: "us/states/nc"
legislature: "North Carolina General Assembly"
session: "2005"
identifier: "HB 705"
citation: "North Carolina HB 705 (2005)"
classification: ["bill"]
subjects: ["AGRICULTURE", "FISCAL NOTES", "PROPERTY", "PUBLIC", "RATIFIED", "REAL ESTATE", "TAXATION", "TAXES", "PROPERTY", "TOBACCO", "REP. HILL", "CHAPTERED"]
status: "enacted"
primary_sponsors: []
version_count: 4
action_count: 14
vote_count: 2
first_action: "2005-03-16"
last_action: "2005-08-22"
source: "openstates"
source_identifier: "ocd-bill/818eddd8-1108-4cf1-a8f5-85e4128bed27"
source_url: "http://www.ncleg.net/gascripts/BillLookUp/BillLookUp.pl?Session=2005&BillID=H705&votesToView=all"
source_hash: "fc5a65f60a4eed89aa8b8f1d11b80ecb9ddae7204efcb23876cfce59e734486a"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-nc"]
---

# North Carolina HB 705 (2005) — Present-Use Value Buyout Credits.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Filed** (filed) — [source](http://www.ncleg.net/Sessions/2005/Bills/House/PDF/H705v0.pdf)
2. **Edition 1** (committee substitute) — [source](http://www.ncleg.net/Sessions/2005/Bills/House/PDF/H705v1.pdf)
3. **Ratified** (committee substitute) — [source](http://www.ncleg.net/Sessions/2005/Bills/House/PDF/H705v2.pdf)
4. **SL2005-293** (committee substitute) — [source](http://www.ncleg.net/Sessions/2005/Bills/House/PDF/H705v3.pdf)

## Votes

- Second Reading — **104–0** (pass) · lower
- Second Reading — **47–0** (pass) · upper

## Sponsors

- Faison — cosponsor (person)
- Hill — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2005-08-22** Ch. SL 2005-293 `became-law`
- **2005-08-22** Signed By Gov. 8/22/2005 `executive-signature`
- **2005-08-15** Pres. To Gov. 8/12/2005 `executive-receipt`
- **2005-08-11** Ratified
- **2005-08-10** Passed 2nd & 3rd Reading `passage, reading-2, reading-3`
- **2005-08-09** Reptd Fav `committee-passage-favorable`
- **2005-04-18** Ref To Com On Finance `referral-committee`
- **2005-04-18** Rec From House
- **2005-04-14** Passed 2nd & 3rd Reading `passage, reading-2, reading-3`
- **2005-04-13** Placed On Cal For 4/14/2005
- **2005-04-12** Cal Pursuant Rule 36(b)
- **2005-04-12** Reptd Fav `committee-passage-favorable`
- **2005-03-17** Ref To Com On Finance `referral-committee`
- **2005-03-16** Filed `introduction`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/818eddd8-1108-4cf1-a8f5-85e4128bed27`. Confidence: reported (aggregated from official North Carolina legislature records).