Bill Summary for H 344/SL 2011-395 (2011-2012)

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Bill: TAX CREDITS FOR CHILDREN WITH DISABILITIES.

Summary date: 

Jul 1 2011
S.L. 2011-395

Bill Information:

View NCGA Bill Details2011-2012 Session
House Bill 344 (Public) Filed Monday, March 14, 2011
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

AN ACT 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. Summarized in Daily Bulletin 3/14/11, 6/3/11, 6/7/11, and 6/15/11. Enacted July 1, 2011. Sections 1, 3, 4, and 4A are effective for taxable years beginning on or after January 1, 2011, and apply to semesters for which the credit is claimed beginning on or after July 1, 2011, except that transfers under GS 105-151.33(h) shall not be made before the 2012–13 fiscal year. Section 2 is effective for taxable years beginning on or after January 1, 2016, and applies to semesters for which the credit is claimed beginning on or after July 1, 2016. The remainder is effective July 1, 2011.