HOMESCHOOL TAX CREDIT.

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View NCGA Bill Details2021
Senate Bill 297 (Public) Filed Monday, March 15, 2021
AN ACT TO CREATE A TAX CREDIT FOR HOME SCHOOL CHILDREN.
Intro. by Edwards, Hise, Sawyer.

Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Mar 16 2021)

Bill History:

S 297

Bill Summaries:

  • Summary date: Mar 15 2021 - View Summary

    Enacts new GS 105-153.11 creating a personal income tax credit for homeschool children, in the amount of $1,000 per qualifying child. Defines a qualifying child as a dependent child who attended for the taxable year only a home school (as defined by statute) in this state, and meeting the requirements of Part 3 (Home Schools) of Article 39 of GS Chapter 115C. Specifies that the credit may not exceed the amount of personal income tax for the taxable year reduced by the sum of all credits allowable, except for payments of tax made by or on behalf of the taxpayer. Effective for taxable years beginning on or after January 1, 2021.