Bill Summary for S 105 (2015-2016)

Summary date: 

Jun 22 2016

Bill Information:

View NCGA Bill Details2015-2016 Session
Senate Bill 105 (Public) Filed Thursday, February 19, 2015
AN ACT TO REQUIRE THE SECRETARY OF REVENUE TO COMPILE INFORMATION ABOUT THE NUMBER OF VETERANS FILING TAX RETURNS IN NORTH CAROLINA ANNUALLY AND PROVIDE THIS INFORMATION TO THE DEPARTMENT OF MILITARY AND VETERANS AFFAIRS.
Intro. by Brown, Meredith.

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Bill summary

House committee substitute makes the following changes to the 2nd edition.

Deletes all previous provisions and replaces with the following.

Changes the long title to AN ACT TO REQUIRE THE SECRETARY OF REVENUE TO COMPILE INFORMATION ABOUT THE NUMBER OF VETERANS FILING TAX RETURNS IN NORTH CAROLINA ANNUALLY AND PROVIDE THIS INFORMATION TO THE DEPARTMENT OF MILITARY AND VETERANS AFFAIRS.

Changes the short title.

Includes several whereas clauses.

Enacts GS 105-254.1, Identification of veterans on income tax form D-400. Requires the Secretary of Revenue (Secretary) to provide appropriate space and instruction on the individual tax form D-400 for an individual to voluntarily indicate whether the filing individual is a veteran, and on a joint return, whether the individual's spouse is a veteran. Defines veteran to mean a person as defined in GS 143B-1281.

Requires the Secretary to use the information reported pursuant to the statute to compile summary information on an aggregate basis about the number of veterans filing tax returns in the State. Requires the Secretary to annually provide the information to the Department of Military and Veterans Affairs by January 15. Provides that information specific to individual employers or employees are to remain confidential pursuant to GS 105-259.

Directs the Department of Revenue to update individual income tax form D-400 to comply with the statute for taxable years beginning on or after January 1, 2017. Allows the Department to include in the instructions for the form D-400 an explanation that veteran status is being requested to assist the State in documenting the impact of the State's military population, and that the information specific to individual filers will remain confidential pursuant to GS 105-259.

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