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 The repealed subdivision required a taxpayer to add, for taxable year 2014, the amount excluded from the taxpayer's adjusted gross income for the discharge of qualified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.
Printer-friendly: Click to view
| View NCGA Bill Details(link is external) | 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:
-
Tue, 14 Apr 2015 House: Filed(link is external)
-
Wed, 15 Apr 2015 House: Passed 1st Reading(link is external)
-
Wed, 15 Apr 2015 House: Ref To Com On Finance(link is external)
H 704
Bill Summaries:
-
Bill H 704 (2015-2016)Summary date: Apr 15 2015 - View Summary
View: All Summaries for Bill