Bill Summary for H 465 (2023-2024)
Mar 23 2023
|View NCGA Bill Details||2023-2024 Session|
AN ACT TO ALLOW ENLISTED MILITARY SERVICE MEMBERS RESIDING IN NORTH CAROLINA TO DEDUCT THE FIRST SIX THOUSAND DOLLARS RECEIVED AS BASIC PAY FROM THE STATE INCOME TAX.Intro. by Loftis, Chesser, Goodwin.
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Amends GS 105-153.5(b) (pertaining to deductions from individual State income taxes) to permit the following servicemembers residing in the State to deduct the first $6,000 of basic pay income: (1) active members of the US Armed Forces; (2) members of the Army Reserve, Navy Reserve, Marine Corps Reserve, or Air Force Reserve; and (3) members of the Army or Air National Guards. Effective for taxable years beginning on or after January 1, 2023.