| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | GENERAL ASSEMBLY OF NORTH CAROLINA | |
| 2 | 2 | SESSION 2025 | |
| 3 | - | H 1 | |
| 4 | - | HOUSE BILL 14 | |
| 3 | + | H D | |
| 4 | + | HOUSE BILL DRH30008-SVf-1 | |
| 5 | + | ||
| 5 | 6 | ||
| 6 | 7 | ||
| 7 | 8 | Short Title: Gambling Losses Tax Deduction. (Public) | |
| 8 | - | Sponsors: Representatives Paré, Tyson, Kidwell, and Winslow (Primary Sponsors). | |
| 9 | - | For a complete list of sponsors, refer to the North Carolina General Assembly web site. | |
| 10 | - | Referred to: Rules, Calendar, and Operations of the House | |
| 11 | - | January 30, 2025 | |
| 12 | - | *H14-v-1* | |
| 9 | + | Sponsors: Representative Paré. | |
| 10 | + | Referred to: | |
| 11 | + | ||
| 12 | + | *DRH30008 -SVf-1* | |
| 13 | 13 | A BILL TO BE ENTITLED 1 | |
| 14 | 14 | AN ACT TO ALLOW A STATE INCOME TAX DEDUCTION FOR GAMBLING LOSSES. 2 | |
| 15 | 15 | The General Assembly of North Carolina enacts: 3 | |
| 16 | 16 | SECTION 1. G.S. 105-153.5(a)(2) reads as rewritten: 4 | |
| 17 | 17 | "(a) Deduction Amount. – In calculating North Carolina taxable income, a taxpayer may 5 | |
| 18 | 18 | deduct from adjusted gross income either the standard deduction amount provided in subdivision 6 | |
| 19 | 19 | (1) of this subsection or the itemized deduction amount provided in subdivision (2) of this 7 | |
| 20 | 20 | subsection. The deduction amounts are as follows: 8 | |
| 21 | 21 | … 9 | |
| 22 | 22 | (2) Itemized deduction amount. – An amount equal to the sum of the items listed 10 | |
| 23 | 23 | in this subdivision. The amounts allowed under this subdivision are not 11 | |
| 24 | 24 | subject to the overall limitation on itemized deductions under section 68 of 12 | |
| 25 | 25 | the Code: 13 | |
| 26 | 26 | … 14 | |
| 27 | 27 | e. The amount allowed as a deduction for wagering losses under section 15 | |
| 28 | 28 | 165(d) of the Code, to the extent the losses are not deducted in arriving 16 | |
| 29 | 29 | at adjusted gross income." 17 | |
| 30 | 30 | SECTION 2. This act is effective for taxable years beginning on or after January 1, 18 | |
| 31 | 31 | 2024. 19 | |
| 32 | + | H.B. 14 | |
| 33 | + | Jan 29, 2025 | |
| 34 | + | HOUSE PRINCIPAL CLERK |