A proposal to allow gamblers to deduct losses on their state income taxes moved swiftly through a North Carolina House committee Tuesday on a divided but bipartisan vote.
Rep. Keith Kidwell (R-Beaufort), a gambling opponent and one of House Bill 14’s sponsors, said the bill is” about fairness to taxpayers” and not about gambling.
Since online sports betting became legal in North Carolina last March, more than $6 billion has been wagered, according to state reports published before the Super Bowl.
The bill’s sponsors said allowing gamblers to deduct their losses, capped at winnings, will align state policy with federal tax law.
