Bill Summary for S 622 (2019-2020)
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Summary date:
Jan 14 2020
Bill Information:
| View NCGA Bill Details | 2019-2020 Session |
AN ACT TO REDUCE THE THRESHOLD AMOUNT FOR THE MEDICAL EXPENSE DEDUCTION FOR THE 2019 AND 2020 TAXABLE YEARS.Intro. by Tillman, Hise, Newton.
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Bill summary
House committee substitute deletes the provisions of the 4th edition and replaces them with the following.
Amends GS 105-153.5 to modify the itemized deduction individual taxpayers may elect to deduct from their adjusted gross income for medical and dental expenses. Amends the authorized medical and dental expense deduction to allow for such deductions as provided under the Internal Revenue Code as of January 1, 2020 (rather than under the Code as of January 1, 2019, as the term is currently defined). Makes conforming changes to the act's titles.