Amends GS 105-153.4(a), defining North Carolina taxable income, to exclude from the definition the military pay of an active service member of any branch of the Armed Forces of the United States for any period of time the service member is not present in the state if the service member is a North Carolina resident and the service member is not present in the state solely in compliance with military orders reassigning the service member to a permanent duty station located outside of the state.
Effective for taxable years beginning on or after January 1, 2016.
MILITARY STATE INCOME TAX RELIEF.
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| View NCGA Bill Details(link is external) | 2015-2016 Session |
AN ACT TO PROVIDE INCOME TAX RELIEF FOR MEMBERS OF THE ARMED FORCES OF THE UNITED STATES WHO ARE NORTH CAROLINA RESIDENTS BUT STATIONED OUTSIDE OF THE STATE.Intro. by Krawiec, Rabin.
Status: Ref To Com On Finance (Senate Action) (May 9 2016)
Bill History:
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Thu, 5 May 2016 Senate: Filed(link is external)
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Mon, 9 May 2016 Senate: Passed 1st Reading(link is external)
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Mon, 9 May 2016 Senate: Ref To Com On Finance(link is external)
S 819
Bill Summaries:
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Bill S 819 (2015-2016)Summary date: May 5 2016 - View Summary
View: All Summaries for Bill