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NC H798

Bill

Official Source

Status

Introduced

4/11/2017

Primary Sponsor

John Bradford

Click for details

Origin

House of Representatives

2017-2018 Session

AI Summary

  • Allows taxpayers to deduct from adjusted gross income the amount paid during the taxable year for tolls on turnpike facilities operated by private entities under G.S. 136-18(39a).

  • Deduction excludes processing fees assessed under G.S. 136-89.215 and civil penalties assessed under G.S. 136-89.216.

  • Effective for taxable years beginning on or after January 1, 2017.

  • Amends G.S. 105-153.5(c1) to establish the toll deduction as part of modifications to North Carolina taxable income calculations.

Legislative Description

Income Tax Deduction for Tolls Paid

Last Action

Ref to the Com on Finance, if favorable, Rules, Calendar, and Operations of the House

4/13/2017

Committee Referrals

Finance4/13/2017

Full Bill Text

No bill text available