Expands the other deductions that a State taxpayer can deduct from their individual adjusted gross income under GS 105-153.3 to include gain or loss, to the extent the loss is not deducted in arriving at adjusted gross income, from the disposition of investment coins (defined) and investment metal bullion (defined). Effective for taxable years beginning on or after January 1, 2025.
Enacts GS 66-67.6 recognizing investment coins and investment metal bullion made of refined gold or silver and stamped, marked, or imprinted with its weight and purity as legal tender in the state. Clarifies that no person is required to offer or accept any recognized legal tender under GS 66-67.6 for payment of debts, deposit, or any other purpose and that no person incurs liability for refusing to offer or accept such legal tender, except as specifically provided for by contract or otherwise required by law. Effective October 1, 2025.
NORTH CAROLINA SOUND MONEY ACT.
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View NCGA Bill Details(link is external) | 2025-2026 Session |
AN ACT TO ENACT THE NORTH CAROLINA SOUND MONEY ACT.Intro. by Brody, Warren.
Status: Re-ref Com On Finance (House action) (Apr 29 2025)
Bill History:
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Tue, 8 Apr 2025 House: Filed(link is external)
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Thu, 10 Apr 2025 House: Passed 1st Reading(link is external)
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Tue, 29 Apr 2025 House: Reptd Fav(link is external)
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Tue, 29 Apr 2025 House: Re-ref Com On Finance(link is external)
H 836
Bill Summaries:
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Bill H 836 (2025-2026)Summary date: Apr 8 2025 - View Summary
View: All Summaries for Bill