Amends GS 105-153.5, making clarifying changes to itemized deduction amounts, and enacting new GS 105-153.5(a)(2)c providing for a medical expenses itemized individual income tax deduction. Provides that the deduction is for the amount allowed pursuant to Section 213 of the U.S. Internal Revenue Code for medical expenses incurred for a person who is 65 years old or older before the close of the taxpayer's taxable year.
Effective beginning on or after January 1, 2015.
SENIOR TAX DEDUCTION FOR MEDICAL EXPENSES.
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AN ACT TO ALLOW AN INDIVIDUAL INCOME TAX DEDUCTION FOR MEDICAL EXPENSES.Intro. by Catlin.
Status: Re-ref Com On Finance (House Action) (Mar 25 2015)
Bill History:
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Wed, 4 Feb 2015 House: Filed
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Thu, 5 Feb 2015 House: Passed 1st Reading
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Thu, 5 Feb 2015 House: Ref to the Com on Aging, if favorable, Finance
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Wed, 25 Mar 2015 House: Reptd Fav
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Wed, 25 Mar 2015 House: Re-ref Com On Finance
H 46
Bill Summaries:
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Bill H 46 (2015-2016)Summary date: Feb 4 2015 - View Summary
View: All Summaries for Bill