NC H144

Creates an income tax credit of $1,250 per semester for taxpayers with eligible dependent children enrolled in home schools that meet North Carolina requirements.

Eligible children must be state residents and enrolled in qualifying home schools for more than 70 days per semester; two semesters are defined as spring (first six months) and fall (second six months) of the taxable year.

Disqualifies children from the credit if they spent any time in public school, enrolled full-time in postsecondary education, turned 22 during the semester, or graduated high school before semester end.

Requires taxpayers to provide the Department of Revenue with child information, certification of non-disqualification, school district name, and Notice of Intent to Operate filing with the Division of Nonpublic Education.

Allows unused credits to be carried forward for three succeeding years and exempts participating home schools from any requirements beyond those in Part 3 of Article 39 of Chapter 115C.