Bill Summary for S 4 (2023-2024)
Jan 25 2023
|View NCGA Bill Details||2023-2024 Session|
AN ACT TO EXEMPT RETIREMENT INCOME OF GOVERNMENT EMPLOYEES.Intro. by Burgin.
|View: All Summaries for Bill||Tracking:|
Amends GS 105-153.5(b), which provides permitted deductions from a taxpayer's adjusted gross income for State income tax purposes, to allow deduction of amounts received during a taxable year from State, local, or federal government retirement plans for at least 20 years of government employment. Effective for taxable years beginning on or after January 1, 2024.