Bill Summary for H 344 (2011-2012)
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Summary date:
Jun 7 2011
Bill Information:
| View NCGA Bill Details | 2011-2012 Session |
TO ALLOW AN INDIVIDUAL INCOME TAX CREDIT FOR CHILDREN WITH DISABILITIES WHO REQUIRE SPECIAL EDUCATION AND TO CREATE A FUND FOR SPECIAL EDUCATION AND RELATED SERVICES.Intro. by Stam, Randleman, Jordan, Jones.
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Bill summary
House amendments make the following changes to 3rd edition. Amendment #1 amends GS 105-151.33 to remove provisions stating that the credit allowed by the act is refundable. Adds language providing that any unused portion of the credit may be carried forward for the succeeding three years.
Amendment #3 amends GS 105-151.33(d)(3) to provide that a taxpayer may not qualify for a credit for any semester during which the taxpayer’s eligible dependent child was 22 years old or older during the entire semester (previously was 19 years or older).