Repeals GS 105-153.5(d)(1) as enacted by SL 2015-2. The repealed subdivision required a taxpayer to add, for taxable year 2014, the amount excluded from the taxpayer's adjusted gross income for the discharge of qualified principal residence indebtedness under section 108 of the Internal Revenue Code.
Bill Summaries: H704 MORTGAGE DEBT CANCELLATION TAX BENEFIT.
Printer-friendly: Click to view
Tracking:
-
Bill H 704 (2015-2016)Summary date: Apr 15 2015 - View Summary