NORTH CAROLINA GENERAL ASSEMBLY

1969 SESSION

CHAPTER 1082

HOUSE BILL 827

AN ACT TO AMEND G.S. 105-147 TO PERMIT GIFTS TO NONPROFIT HOSPITALS TO BE DEDUCTED IN COMPUTING NET INCOME FOR INCOME TAX PURPOSES.

The General Assembly of North Carolina do enact:

Section 1.  Subsection (16) of G.S. 105-147, as the same appears on page 124 of the 1967 Cumulative Supplement to the 1965 Replacement Volume 2D of the General Statutes, is hereby amended by inserting the words "or nonprofit hospitals" immediately following the words "educational institutions" in line six thereof.

Sec. 2.  This Act shall be applicable with respect to income tax years commencing on or after July 1, 1969.

Sec. 3.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 4.  This Act shall become effective July 1, 1969.

In the General Assembly read three times and ratified, this the 27th day of June, 1969.