Bill Summary for H 1080 (2019-2020)
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Summary date:
Jun 24 2020
Bill Information:
| View NCGA Bill Details | 2019-2020 Session |
AN ACT TO MAKE VARIOUS CHANGES TO THE REVENUE LAWS AND TO CODIFY THE INSURANCE REGULATORY CHARGE.Intro. by Howard, Ross, Setzer, Szoka.
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Bill summary
Senate amendment makes the following changes to the 4th edition.
Eliminates the proposed changes to GS 105-153.5, modifying the itemized deduction individual taxpayers may elect to deduct from their adjusted gross income for medical and dental expenses.
Adds new Part IX, directing the State Controller to transfer $36 million in nonrecurring funds for 2020-21 from the Medicaid Transformation Reserve to the General Fund. Effective July 1, 2020.
Makes conforming organizational changes.