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.
Printer-friendly: Click to view
| View NCGA Bill Details | 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:
-
Wed, 29 Jan 2025 House: Filed
-
Thu, 30 Jan 2025 House: Passed 1st Reading
-
Thu, 30 Jan 2025 House: Ref To Com On Rules, Calendar, and Operations of the House
-
Mon, 3 Feb 2025 House: Withdrawn From Com
-
Tue, 4 Mar 2025 House: Reptd Fav
-
Tue, 4 Mar 2025 House: Re-ref Com On Finance
H 14
Bill Summaries:
-
Bill H 14 (2025-2026)Summary date: Jan 29 2025 - View Summary
View: All Summaries for Bill