NORTH CAROLINA GENERAL ASSEMBLY

1969 SESSION

CHAPTER 725

HOUSE BILL 367

AN ACT TO PERMIT DEDUCTION OF CONTRIBUTIONS TO EMERGENCY RESCUE ORGANIZATIONS FOR INCOME TAX PURPOSES.

The General Assembly of North Carolina do enact:

Section 1.  G.S. 105-147(15) as the same appears in the 1967 Cumulative Supplement to 1965 Replacement Volume 2D of the General Statutes is hereby amended by inserting in line 20 thereof the following words immediately after the word "individual" and immediately before the punctuation and word ":Provided":

"; or rescue squads, volunteer fire departments and the Civil Air Patrol, if such organization is not operated for profit and no part of the net earnings of such organization inures to the benefit of any private shareholder, member or individual."

Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3.  This Act shall be effective for the taxable years beginning on and after January 1, 1969.

In the General Assembly read three times and ratified, this the 5th day of June, 1969.