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.
N.C. RES. ENLISTED MILITARY PAY TAX DEDUCTION.
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| View NCGA Bill Details | 2023-2024 Session |
AN ACT TO ALLOW ENLISTED MILITARY SERVICE MEMBERS RESIDING IN NORTH CAROLINA TO DEDUCT THE FIRST SIX THOUSAND DOLLARS RECEIVED AS BASIC PAY FROM THE STATE INCOME TAX.Intro. by Loftis, Chesser, Goodwin.
Status: Ref to the Com on Finance, if favorable, Rules, Calendar, and Operations of the House (House action) (Mar 27 2023)
Bill History:
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Thu, 23 Mar 2023 House: Filed
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Mon, 27 Mar 2023 House: Passed 1st Reading
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Mon, 27 Mar 2023 House: Passed 1st Reading
H 465
Bill Summaries:
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Bill H 465 (2023-2024)Summary date: Mar 23 2023 - View Summary
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