Amends GS 105-153.5(b), which provides permitted deductions from a taxpayer's adjust 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, 2023.
Bill Summaries: S 843 ELIMINATE TAX ON GOV'T RETIREES.
Printer-friendly: Click to view
Tracking:
-
Bill S 843 (2021-2022)Summary date: May 26 2022 - View Summary