Crowdfunding killed in NC; bill backer criticizes Senate strategy

nc-sealBy RICK SMITH, WRAL TechWire Editor | RESEARCH TRIANGLE PARK, N.C. — Aug. 20, 2014 – The tweet from WRAL’s Capitol news team says it all for crowdfunding in North Carolina: “House votes to KILL H1224 47-54.”

The NC JOBS Act was part of House Bill 1224, which went down to defeat after some bitter debate Tuesday afternoon at the General Assembly.

The vote failed despite last-second in-person lobbying from Secretary of Commerce Sharon Decker. Our Capitol team reported that Decker urged passage of the bill, saying a number of projects involving some 3,000 jobs would be affected by the vote.

And backers of the JOBS Act as well as other economic development measures in the bill may not get another chance this year at passage.

“I think it’s done for this year,” Capitol Bureau Chief Laura Leslie tells The Skinny.

The House was divided by various parts of the bill, which also included sales tax and other economic development programs.

“They’re extorting us, & the majority in this chamber is letting them do it. We’re buckling to Senate leadership,” tweeted WRAL’s Capitol team, citing a comment made on the floor.

Said N.C. Rep. W.A. Wilkins: “We can do better. Let’s kill this thing and do better.”

Leslie, writing at WRAL.com, called the vote a “legislative insurrection” against GOP leadership from the House to the Governor.

“The vote, which came after an hour of debate and a full week of internal wrangling within the House GOP caucus, apparently came as a surprise to caucus leaders, who say they believed the House would approve the deal when they began debate.

“The bipartisan 47-54 vote against House Bill 1224 instead amounted to a legislative insurrection, with rank-and-file members voting against the wishes of House Speaker Thom TIllis, Senate Leader Phil Berger, and Governor Pat McCrory.”

Read more at http://wraltechwire.com/crowdfunding-killed-in-nc-house-rejects-big-senate-bill/13906276/#WdTZKKM7XIXaK5h7.99

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