Amends GS 105-153.5(a) concerning the deduction a taxpayer may deduct from their adjusted gross income in calculating North Carolina taxable income.  Specifically, increases each standard deduction amount for all taxpayers who are eligible for a standard deduction under section 63 of the Internal Revenue Code, based on status, as follows: for married, filing jointly/surviving spouse the standard deduction is $17,500 (was, $15,500); for head of household the standard deduction is $14,000 (was, $12,400); for single the standard deduction is $8,750 (was, $7,750); and for married, filing separately the standard deduction is $8,750 (was, $7,750).  

Effective for taxable years beginning on or after January 1, 2016.