Bill Text: NC H423 | 2017-2018 | Regular Session | Amended

North Carolina House Bill 423 (Prior Session Legislation)

Bill Title: Check-Off Donation: Land Trusts

Spectrum: Partisan Bill (Democrat 11-0)

Status: (Introduced - Dead) 2017-03-22 - Ref to the Com on Environment, if favorable, Finance [H423 Detail]

Download: North_Carolina-2017-H423-Amended.html

GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2017

H 1

HOUSE BILL 423

Short Title: Check-Off Donation: Land Trusts.		(Public)
Sponsors:	Representatives W. Richardson, Harrison, Belk, and Butler (Primary Sponsors). For a complete list of sponsors, refer to the North Carolina General Assembly web site.
Referred to:	Environment, if favorable, Finance

March 22, 2017

A BILL TO BE ENTITLED

AN ACT TO PROVIDE SPACE ON THE INCOME TAX RETURN FOR INDIVIDUALS TO MAKE DONATIONS for the protection of land, water, and other natural resources.

The General Assembly of North Carolina enacts:

SECTION 1. Article 9 of Chapter 105 of the General Statutes is amended by adding a new section to read:

"§ 105‑269.8. Contribution of income tax refund to Conservation Grant Fund.

Any taxpayer entitled to a refund of income taxes under Part 2 of Article 4 of this Chapter may elect to contribute all or part of the refund to the Conservation Grant Fund established under G.S. 113A‑232 to be used for costs related to conservation of land, water, and other natural resources in accordance with that statute. The Secretary shall provide appropriate language and space on the income tax form in which to make the election. The taxpayer's election becomes irrevocable upon filing the taxpayer's income tax return for the taxable year. The Secretary shall transmit the contributions made pursuant to this section to the State Treasurer for credit to the Conservation Grant Fund."

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