Bill Summaries: H465 (2023-2024 Session)

  • Summary date: Mar 23 2023 - View summary

    Amends GS 105-153.5(b) (pertaining to deductions from individual State income taxes) to permit the following servicemembers residing in the State to deduct the first $6,000 of basic pay income: (1) active members of the US Armed Forces; (2) members of the Army Reserve, Navy Reserve, Marine Corps Reserve, or Air Force Reserve; and (3) members of the Army or Air National Guards. Effective for taxable years beginning on or after January 1, 2023.