Amends GS 105-153.5, making clarifying changes to itemized deduction amounts, and enacting new GS 105-153.5(a)(2)c providing for a medical expenses itemized individual income tax deduction. Provides that the deduction is for the amount allowed pursuant to Section 213 of the U.S. Internal Revenue Code for medical expenses incurred for a person who is 65 years old or older before the close of the taxpayer's taxable year.
Effective beginning on or after January 1, 2015.
Status: Re-ref Com On Finance (House Action) (Mar 25 2015)
Wed, 4 Feb 2015 House: Filed
Thu, 5 Feb 2015 House: Passed 1st Reading
Thu, 5 Feb 2015 House: Ref to the Com on Aging, if favorable, Finance
Wed, 25 Mar 2015 House: Reptd Fav
Wed, 25 Mar 2015 House: Re-ref Com On Finance
Bill H 46 (2015-2016)Summary date: Feb 4 2015 - More information