FILED SENATE
May 2, 2024
GENERAL ASSEMBLY OF NORTH CAROLINA
S.B. 811
SESSION 2023 PRINCIPAL CLERK
S D
SENATE BILL DRS45396-MCf-165
Short Title: Age with Dignity Act (Caregiver Tax Credit). (Public)
Sponsors: Senators Smith and Grafstein (Primary Sponsors).
Referred to:
1 A BILL TO BE ENTITLED
2 AN ACT TO ENACT THE AGE WITH DIGNITY ACT TO CREATE A CAREGIVER TAX
3 CREDIT.
4 The General Assembly of North Carolina enacts:
5 SECTION 1. Part 2 of Article 4 of Subchapter I of Chapter 105 of the General
6 Statutes is amended by adding a new section to read:
7 "§ 105-153.11. Credit for adult dependents.
8 (a) Credit. – A taxpayer who (i) is allowed an exemption for a qualifying relative pursuant
9 to section 152 of the Code and (ii) has an adjusted gross income less than the amount listed in
10 the table below is allowed a credit under this section against the tax imposed by this Part for each
11 qualifying relative for whom the taxpayer is allowed the federal exemption. The amount of the
12 credit is equal to fifteen thousand dollars ($15,000) if the qualifying relative is a veteran of the
13 Armed Forces of the United States and is twelve thousand dollars ($12,000) for any other
14 qualifying relative. The applicable adjusted gross income limit for a taxpayer is as follows:
15 Filing Status AGI
16 Married, filing $150,000
17 jointly/surviving spouse
18
19 Head of Household $112,500
20
21 Single $75,000
22
23 Married, filing separately $75,000.
24 (b) Limitations. – A nonresident or part-year resident who claims the credit allowed by
25 this section shall reduce the amount of the credit by multiplying it by the fraction calculated under
26 G.S. 105-153.4. The credit allowed under this section may not exceed the amount of tax imposed
27 by this Part for the taxable year reduced by the sum of all credits allowable, except payments of
28 tax made by or on behalf of the taxpayer."
29 SECTION 2. This act is effective for taxable years beginning on or after January 1,
30 2024.
*DRS45396-MCf-165*