North Carolina legislation · 2025-2026 Session
North Carolina H836: North Carolina Sound Money Act.
Status: Introduced, April 29, 2025
What the bill says
An act to enact the north carolina sound money act.
From the introduced text:
A BILL TO BE ENTITLED AN ACT TO ENACT THE NORTH CAROLINA SOUND MONEY ACT. The General Assembly of North Carolina enacts: SECTION 1. G.S. 105-153.5 reads as rewritten: "§ 105-153.5. Modifications to adjusted gross income. ... (b) Other Deductions. - In calculating North Carolina taxable income, a taxpayer may deduct from the taxpayer's adjusted gross income any of the following items that are included in the taxpayer's adjusted gross income: ... (17) Gain or loss, to the extent the loss is not deducted in arriving at adjusted gross income, from the disposition of investment coins and investment metal bullion. For purposes of this subdivision, the following definitions apply: a. Investment coins. - Numismatic coins or other forms of money and legal tender manufactured of metal under the laws of the United States or any foreign nation with a fair market value greater than any statutory or nominal value of such coins. b. Investment metal bullion. - Any elementary precious metal that has been put through a process of smelting or refining and that is in such state or condition that its value depends upon its content and not upon its form. The term does not include fabricated precious metal that has been processed or manufactured for one or more specific and customary industrial, professional, or artistic uses. ...." SECTION …
Sponsors
- Brody, Mark (R, 55) · primary sponsor
- Warren, Harry (R, 76) · primary sponsor
- Adams, Jay (R, 96)
- Kidwell, Keith (R, 79)
- Ward, Bill (R, 5)
Latest actions
- : Re-ref Com On Finance
- : Reptd Fav
- : Ref to the Com on Commerce and Economic Development, if favorable, Finance, if favorable, Rules, Calendar, and Operations of the House
- : Passed 1st Reading
- : Filed
Subjects: INVESTMENTS, Higher education-research funding., PUBLIC, DEFINITIONS, TAXATION, CURRENCY & COINS, TAX RETURNS
Common questions
- What is H836?
- H836 is a bill in the North Carolina Legislature (2025-2026 Session): North Carolina Sound Money Act.
- What does H836 do?
- In its own words: An act to enact the north carolina sound money act.
- What is the status of H836?
- Introduced as of April 29, 2025. Latest action: Re-ref Com On Finance (April 29, 2025).
- Who sponsored H836?
- Brody, Mark (R, 55), with 4 co-sponsors.
- Where is the official record for H836?
- On the North Carolina Legislature website: https://www.ncleg.gov/BillLookUp/2025/H836
Source: official North Carolina record. Tracked by Delilah, AI for legislation across all 50 states and Congress.