Bill Summary for H 162 (2023-2024)
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Summary date:
Apr 25 2023
Bill Information:
| View NCGA Bill Details | 2023-2024 Session |
AN ACT TO PROTECT LIVING DONORS FROM POTENTIAL INSURANCE DISCRIMINATION, TO PROVIDE AN INCOME TAX CREDIT FOR UNREIMBURSED MEDICAL EXPENSES RESULTING FROM CERTAIN ORGAN AND MARROW DONATIONS, AND TO PROVIDE UP TO THIRTY DAYS' PAID LEAVE TO STATE EMPLOYEES AND OTHER STATE-SUPPORTED PERSONNEL WHO SERVE AS LIVING ORGAN DONORS AND UP TO SEVEN DAYS' PAID LEAVE FOR BONE MARROW DONORS.Intro. by Shepard, Morey, Fontenot, Wheatley.
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Bill summary
House committee substitute to the 1st edition makes the following changes.
Part II-Tax Credit
Amends new GS 105-153.11, which establishes an income tax credit for live organ donations, to define lost wages as all monetary payments from employment or services taxable as income under the Internal Revenue Code and not reimbursed through another source. Excludes capital gains, IRA distributions, pensions, annuities, unemployment compensation, State workers' compensation benefits, medical retirement benefits, or Social Security benefits.
Amends GS 105-160.3 to bar estates and trusts from claiming tax credits under GS 105-153.9 (tax credits for income taxes paid to other states by individuals) or new GS 105-153.11.