Bill Summary for H 83 (2021-2022)
Mar 9 2021
|View NCGA Bill Details||2021|
AN ACT TO MAKE VARIOUS TECHNICAL, CLARIFYING, AND ADMINISTRATIVE CHANGES TO THE REVENUE LAWS, AS RECOMMENDED BY THE DEPARTMENT OF REVENUE.Intro. by Szoka, Bradford, Bell, Wheatley.
|View: All Summaries for Bill||Tracking:|
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).