Bill Summary for S 726 (2015-2016)
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Bill: IRC UPDATE.
Summary date:
Apr 27 2016
S.L. 2016-6
Bill Information:
| View NCGA Bill Details(link is external) | 2015-2016 Session |
AN ACT TO UPDATE THE REFERENCE TO THE INTERNAL REVENUE CODE AND TO DECOUPLE FROM CERTAIN PROVISIONS OF THE FEDERAL PROTECTING AMERICANS FROM TAX HIKES ACT OF 2015.Intro. by Rucho, Rabon, Tillman.
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Bill summary
Senate amendment makes the following changes to the 1st edition.
Amends GS 105-153.5(c2) concerning qualified tuition and related expenses, ensuring that North Carolina is decoupled from the IRC for taxable years 2014, 2015, and 2016 (previously, only included 2014).