AN ACT TO MAKE VARIOUS CHANGES TO THE REVENUE LAWS AND TO CODIFY THE INSURANCE REGULATORY CHARGE.
Senate amendment makes the following changes to the 4th edition.
Eliminates the proposed changes to GS 105-153.5, modifying the itemized deduction individual taxpayers may elect to deduct from their adjusted gross income for medical and dental expenses.
Adds new Part IX, directing the State Controller to transfer $36 million in nonrecurring funds for 2020-21 from the Medicaid Transformation Reserve to the General Fund. Effective July 1, 2020.
Makes conforming organizational changes.
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