Allows individual taxpayers to deduct the amount allowed as a deduction for wagering losses under Section 165(d) of the IRS Code to the extent the losses are not deducted in arriving at adjusted gross income as an itemized deduction under GS 105-153.5. Effective for taxable years beginning on or after January 1, 2024.
GAMBLING LOSSES TAX DEDUCTION.
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| View NCGA Bill Details(link is external) | 2025-2026 Session |
AN ACT TO ALLOW A STATE INCOME TAX DEDUCTION FOR GAMBLING LOSSES.Intro. by Paré, Tyson, Kidwell, Winslow.
Status: Re-ref Com On Finance (House action) (Mar 4 2025)
Bill History:
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Wed, 29 Jan 2025 House: Filed(link is external)
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Thu, 30 Jan 2025 House: Passed 1st Reading(link is external)
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Mon, 3 Feb 2025 House: Withdrawn From Com(link is external)
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Tue, 4 Mar 2025 House: Reptd Fav(link is external)
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Tue, 4 Mar 2025 House: Re-ref Com On Finance(link is external)
H 14
Bill Summaries:
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Bill H 14 (2025-2026)Summary date: Jan 29 2025 - View Summary
View: All Summaries for Bill