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NC S297

Bill

Status

Introduced

3/15/2021

Primary Sponsor

Charles Edwards

Click for details

Origin

Senate

2021-2022 Session

AI Summary

  • Creates a $1,000 tax credit for each qualifying child who attended only a home school in North Carolina during the taxable year
  • Qualifying child must be a dependent who meets the definition in G.S. 115C-563 and requirements of Part 3 of Article 39 of Chapter 115C
  • Taxpayer must provide information required by the Secretary with their tax return to claim the credit
  • Credit cannot exceed the taxpayer's total tax liability for the year reduced by all other allowable credits, except tax payments already made
  • Effective for taxable years beginning on or after January 1, 2021

Legislative Description

Homeschool Tax Credit

Education

Last Action

Ref To Com On Rules and Operations of the Senate

3/16/2021

Committee Referrals

Rules and Operations of the Senate3/16/2021

Full Bill Text

No bill text available