Loading chat...
NC H894
Bill
Status
Introduced
4/16/2019
Primary Sponsor
Keith Kidwell
Click for details
AI Summary
- Establishes a tax credit for North Carolina taxpayers who make cash contributions to qualified charitable organizations incorporated in the state
- Defines qualified organizations as those exempt from federal income tax under section 501(c)(3) or volunteer fire departments and rescue/emergency medical services squads exempt under section 501(c)(4)
- Sets maximum credit amounts based on filing status: $200 for married filing jointly, $150 for head of household, and $100 for single or married filing separately filers
- Limits the credit to the lesser of the donation amount or remaining tax liability after other credits, and prohibits taxpayers from deducting the same donation as a charitable contribution
- Effective for taxable years beginning on or after January 1, 2019
Legislative Description
Universal Charitable Donation Credit
Last Action
Ref to the Com on Finance, if favorable, Rules, Calendar, and Operations of the House
4/22/2019
Committee Referrals
Finance4/22/2019
Full Bill Text
No bill text available