Comparison of Nonprofit Provisions

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Issue Senate Budget House Budget Final Budget
Total spending $22.9 billion in FY 2017-18 and $23.4 billion in FY 2018-19  $22.9 billion in FY 2017-18 and $23.4 billion in FY 2018-19.  $23.0 billion in FY 2017-18 and $23.6 billion in FY 2018-19
Nonprofit sales tax refunds Preserves nonprofit tax exemption Preserves nonprofit tax exemption. Preserves nonprofit tax exemption.
Tax deductions (including charitable deduction)
  • Increases the standard deduction (or zero tax bracket) by $1,250 for single taxpayers and $2,500 for married taxpayers. This would mean that fewer North Carolinians would be eligible for the state charitable deduction.
  • Increases the cap on mortgage interest deduction but keeps the charitable deduction uncapped.
  • Increases the standard deduction (or zero tax bracket) by $500 for single taxpayers and $1,000 for married taxpayers.
  • Increases the cap on mortgage interest deduction but keeps the charitable deduction uncapped.
  • Increases the standard deduction (or zero tax bracket) by $1,250 for single taxpayers and $2,500 for married taxpayers, starting in 2019. This would mean that fewer North Carolinians would be eligible for the state charitable deduction.
  • Maintains the existing cap on the mortgage interest deduction but keeps the charitable deduction uncapped.

 

Public Policy item: