ELIMINATE INCOME TAX FOR MILITARY RETIREES.

View NCGA Bill Details2021
House Bill 83 (Public) Filed Monday, February 15, 2021
AN ACT TO EXCLUDE MILITARY RETIREMENT PAY FROM TAXATION FOR CERTAIN RETIRED MEMBERS OF THE ARMED FORCES OF THE UNITED STATES.
Intro. by Szoka, Bradford, Bell, Wheatley.

Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Jun 21 2021)
H 83

Bill Summaries:

  • Summary date: Apr 1 2021 - More information

    House committee substitute amends the 2nd edition as follows.

    Modifies the new deduction for individual taxpayers under GS 105-153.5(5a), which allows a taxpayer to deduct the amount received from the federal government as retirement pay for a retired US Armed Forces member who has served at least 20 years. Expands the deduction to include retirement pay to medically retired US Armed Forces members, excluding severance pay received by a member due to separation from the member's armed forces. Makes clarifying changes. 


  • Summary date: Mar 9 2021 - More information

    House committee substitute amends the 1st edition as follows.

    Modifies the new deduction for individual taxpayers under GS 105-153.5(5a), which allows a taxpayer to deduct the amount received from the federal government as retirement pay for a retired US Armed Forces member who has served at least 20 years. Adds that the deduction also applies to payments to a beneficiary of a retired member eligible under the new deduction. Eliminates the conforming changes to subsection (5).


  • Summary date: Feb 15 2021 - More information

    Enacts a new deduction for individual taxpayers under GS 105-153.5. Allows a taxpayer to deduct the amount received from the federal government as retirement pay for a retired US Armed Forces member who has served at least 20 years. Bars also deducting the same amount under the existing deduction provided for certain State, local and federal government retirement plans under subdivision (b)(5). Makes conforming changes. Effective for taxable years beginning on or after January 1, 2021. 


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