Bill Summary for S 402 (2025-2026)

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Summary date: 

Mar 24 2025

Bill Information:

View NCGA Bill Details(link is external)2025-2026 Session
Senate Bill 402 (Public) Filed Monday, March 24, 2025
AN ACT TO ALLOW CERTAIN LOTTERY WINNERS TO CHOOSE TO TREAT AS CONFIDENTIAL THEIR IDENTIFYING INFORMATION.
Intro. by Hise.

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Bill summary

Allows, upon request, for the identifying information of any prize winner of $1 million or more under GS 18C-132 (pertaining to drawings and claiming lottery prizes) to be treated as confidential except to the extent to do the following: (1) notify the NC Department of Revenue for State income tax purposes; (2) notify the IRS; (3) notify the tax authorities of the prize winner’s state of residence; (4) comply with debt set-off programs under GS 18C-134 and GS Chapter 105A; (5) comply with Article 31 of GS Chapter 1, concerning supplemental proceedings against a judgment debtor; and (6) comply with a court order.  (Currently, confidentiality can be requested only if the prize is over $50 million and only for 90 days after the winner has claimed the prize.) Makes conforming changes. Effective July 1, 2025.