---
type: "Bill"
title: "Franchise Tax-Overbilling Out of Capital Base."
description: "Franchise Tax-Overbilling Out of Capital Base."
jurisdiction: "us/states/nc"
legislature: "North Carolina General Assembly"
session: "2009"
identifier: "SB 367"
citation: "North Carolina SB 367 (2009)"
classification: ["bill"]
subjects: ["CORPORATIONS", "FOR-PROFIT", "FISCAL NOTES", "PRESENTED", "PUBLIC", "RATIFIED", "TAXATION", "TAXES", "CORPORATE INCOME", "TAXES", "FRANCHISE", "TITLE CHANGE", "CHAPTERED", "SEN. JENKINS"]
status: "enacted"
primary_sponsors: []
version_count: 5
action_count: 16
vote_count: 2
first_action: "2009-03-03"
last_action: "2009-08-05"
source: "openstates"
source_identifier: "ocd-bill/56f2d087-974a-45ac-9191-e528d5f4246a"
source_url: "http://www.ncleg.net/gascripts/BillLookUp/BillLookUp.pl?Session=2009&BillID=S367&votesToView=all"
source_hash: "a58b05664fff67007aab1c0ce759ab8d1fd0221e3b76de8376f3ebfb8d4bdf5d"
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 SB 367 (2009) — Franchise Tax-Overbilling Out of Capital Base.

## 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/2009/Bills/Senate/PDF/S367v0.pdf)
2. **Edition 1** (committee substitute) — [source](http://www.ncleg.net/Sessions/2009/Bills/Senate/PDF/S367v1.pdf)
3. **Edition 2** (committee substitute) — [source](http://www.ncleg.net/Sessions/2009/Bills/Senate/PDF/S367v2.pdf)
4. **Ratified** (committee substitute) — [source](http://www.ncleg.net/Sessions/2009/Bills/Senate/PDF/S367v3.pdf)
5. **SL2009-422** (committee substitute) — [source](http://www.ncleg.net/Sessions/2009/Bills/Senate/PDF/S367v4.pdf)

## Votes

- Third Reading — **48–0** (pass) · upper
- Second Reading — **115–0** (pass) · lower

## Sponsors

- Goodall — cosponsor (person)
- Jenkins — cosponsor (person)
- Snow — cosponsor (person)

## Timeline

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

- **2009-08-05** Ch. SL 2009-422 `became-law`
- **2009-08-05** Signed By Gov. 8/5/2009 `executive-signature`
- **2009-07-28** Pres. To Gov. 7/28/2009 `executive-receipt`
- **2009-07-27** Ratified
- **2009-07-23** Passed 2nd & 3rd Reading `passage, reading-2, reading-3`
- **2009-07-20** Placed On Cal For 7/21/2009
- **2009-07-20** Cal Pursuant Rule 36(b)
- **2009-07-20** Reptd Fav `committee-passage-favorable`
- **2009-06-03** Ref To Com On Finance `referral-committee`
- **2009-06-03** Passed 1st Reading `reading-1`
- **2009-06-01** Passed 3rd Reading `passage, reading-3`
- **2009-05-28** Passed 2nd Reading `reading-2`
- **2009-05-27** Com Substitute Adopted
- **2009-05-27** Reptd Fav Com Substitute `committee-passage-favorable`
- **2009-03-04** Ref To Com On Finance `referral-committee`
- **2009-03-03** Filed `introduction`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/56f2d087-974a-45ac-9191-e528d5f4246a`. Confidence: reported (aggregated from official North Carolina legislature records).