NC S493

Reenacts Article 22B of Chapter 163 of the General Statutes governing the North Carolina Political Parties Financing Fund and establishes procedures for fund disbursement to qualified political parties.

Changes the tax checkoff amount from $3.00 to $2.00 per taxpayer (or $2.00 per spouse on joint returns) and requires equal allocation of contributions among all qualified political parties instead of allowing taxpayer designation.

Requires the Secretary to clearly indicate on tax forms that political contributions increase tax liability and will be equally distributed among political parties.

Defines "political party" as any party qualified under G.S. 163-96 that maintained at least 10% of total statewide voter registration in the two years prior to the most recent general election.

Effective for taxable years beginning January 1, 2016, with remaining provisions effective upon enactment.