GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2017

H                                                                                                                                                   D

HOUSE BILL DRH10276-MC-150   (03/24)

Short Title:      Income Tax Deduction for Tolls Paid.		(Public)
Sponsors:	Representatives Bradford and Beasley (Primary Sponsors).
Referred to:

A BILL TO BE ENTITLED

AN ACT to provide an income tax deduction for tolls paid for the use of turnpike facilities.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 105‑153.5(c1) reads as rewritten:

"(c1)    Other Additions. –Modifications. – The following modifications may be made in calculating North Carolina taxable income:

(1)        S Corporations subject to the provisions of Part 1A of this Article, partnerships subject to the provisions of this Part, and estates and trusts subject to the provisions of Part 3 of this Article must add any amount deducted under section 164 of the Code as state, local, or foreign income tax.

(2) A taxpayer may deduct from the taxpayer's adjusted gross income the amount paid by a taxpayer during the taxable year for the actual cost of tolls paid to facilities operated by private entities pursuant to G.S. 136‑18(39a) for the use of Turnpike Facilities. The deduction provided in this subdivision does not include (i) processing fees assessed under G.S. 136‑89.215 or (ii) civil penalties assessed under G.S. 136‑89.216."

SECTION 2.  This act is effective for taxable years beginning on or after January 1, 2017.