NC S452

Extends the statute of limitations for qualified airline employees to request refunds of North Carolina state income tax paid on airline payment amounts that were transferred to traditional IRAs.

Applies to employees who received airline payment amounts before January 1, 2012, and transferred any portion to a traditional IRA (directly or indirectly from a Roth IRA) by August 13, 2012.

Requires that the employee or surviving spouse must have filed a federal income tax refund claim for the airline payment amount by April 15, 2015, and had it accepted by the Internal Revenue Service.

Sets a deadline of October 15, 2015, for submitting refund requests to the Secretary of Revenue; any requests received after that date are barred.

Allows for refunds to prevent double taxation of airline payment amounts for state income tax purposes in conformance with federal tax treatment.