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NC S716
Bill
Status
Introduced
4/6/2023
Primary Sponsor
Mujtaba Mohammed
Click for details
AI Summary
- Enacts a Families and Veterans Caregiver Tax Credit allowing taxpayers to claim a credit for qualifying adult dependents under federal tax law
- Credits $3,000 per qualifying relative who is a veteran of the Armed Forces and $1,500 per other qualifying relative
- Applies only to taxpayers with adjusted gross income below filing-status-specific limits: $150,000 (married filing jointly/surviving spouse), $112,500 (head of household), and $75,000 (single or married filing separately)
- Nonresident or part-year residents must reduce the credit by multiplying it by a specific fraction, and the credit cannot exceed the tax imposed for the taxable year minus other allowable credits
- Effective for taxable years beginning on or after January 1, 2023
Legislative Description
Caregiver Tax Credit
Aging; Armed Forces; Disabled Persons; Health Services; Home Health Care; Personnel; Public; Tax Credits; Tax Exemptions; Taxati
Last Action
Ref To Com On Rules and Operations of the Senate
4/10/2023
Committee Referrals
Rules and Operations of the Senate4/10/2023
Full Bill Text
No bill text available