Bill Summary for H 83 (2021-2022)

Summary date: 

Apr 1 2021

Bill Information:

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.

View: All Summaries for BillTracking:

Bill summary

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. 

© 2021 School of Government The University of North Carolina at Chapel Hill

This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.

Printer-friendly: Click to view