Bill Summary for H 83 (2021-2022)
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Summary date:
Mar 9 2021
S.L. 2022-13
Bill Information:
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.
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Bill summary
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).