NC H14

Allows taxpayers to claim a state income tax deduction for gambling losses as an itemized deduction, matching the federal deduction under IRC Section 165(d), effective retroactively for taxable years beginning on or after January 1, 2024

Creates a state income tax deduction for gains or losses from the sale of investment coins and investment metal bullion, effective for taxable years beginning on or after January 1, 2025

Defines "investment coins" as numismatic coins or legal tender manufactured of metal with fair market value greater than statutory or nominal value, and "investment metal bullion" as refined precious metal valued by content rather than form

Recognizes refined gold and silver investment coins and bullion stamped with weight and purity as legal tender in North Carolina, effective October 1, 2025

Clarifies that no person is required to accept gold or silver legal tender for payment of debts and incurs no liability for refusing it, unless specified by contract