Reenacts Article 22B of Chapter 163 (Political Parties Financing Fund), which was repealed by SL 2013-381, Sec. 38.1(c).
Allows any income taxpayer to designate a $2 contribution ($2 each, for a married couple filing jointly) to the North Carolina Political Parties Financing Fund. Amounts credited to the fund are to be allocated equally among the political parties, defined as those that meet the definition of political party under GS 163-96 and that have maintained at least 10% of the total statewide voter registration in the two years prior to the most recent general election. The taxpayer’s election to make the contribution is irrevocable once the tax return is filed. Requires that the tax form and instructions indicate that a contribution increases the individual’s tax liability and that the funds will be allocated among the political parties. Effective for taxable years beginning on or after January 1, 2016.
Makes clarifying changes.
POLITICAL PARTY FUNDING VIA TAX RETURN.
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View NCGA Bill Details | 2015-2016 Session |
AN ACT TO REENACT AND MODIFY THE NORTH CAROLINA POLITICAL PARTIES FINANCING FUND AND THE MEANS BY WHICH THE FUND RECEIVES FUNDING.Intro. by D. Davis, McKissick.
Status: Re-ref Com On Redistricting (Senate Action) (Mar 30 2015)
Bill History:
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Wed, 25 Mar 2015 Senate: Filed
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Thu, 26 Mar 2015 Senate: Passed 1st Reading
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Thu, 26 Mar 2015 Senate: Ref To Com On Rules and Operations of the Senate
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Mon, 30 Mar 2015 Senate: Withdrawn From Com
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Mon, 30 Mar 2015 Senate: Re-ref Com On Redistricting
S 493
Bill Summaries:
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Bill S 493 (2015-2016)Summary date: Mar 26 2015 - View Summary
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