Repeals GS 105-153.5(d)(1) as enacted by SL 2015-2. The repealed subdivision required a taxpayer to add, for taxable year 2014, the amount excluded from the taxpayer's adjusted gross income for the discharge of qualified principal residence indebtedness under section 108 of the Internal Revenue Code.
MORTGAGE DEBT CANCELLATION TAX BENEFIT.
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| View NCGA Bill Details | 2015-2016 Session |
AN ACT TO PROVIDE TAX RELIEF FOR MORTGAGE DEBT CANCELLATION.Intro. by Blackwell, Torbett, Carney, Glazier.
Status: Ref To Com On Finance (House Action) (Apr 15 2015)
Bill History:
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Tue, 14 Apr 2015 House: Filed
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Wed, 15 Apr 2015 House: Passed 1st Reading
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Wed, 15 Apr 2015 House: Ref To Com On Finance
H 704
Bill Summaries:
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Bill H 704 (2015-2016)Summary date: Apr 15 2015 - View Summary
View: All Summaries for Bill