NC S153

Allows military retirees to deduct retirement pay and survivorship benefits received from the United States government from North Carolina state taxable income, effective for taxable years beginning on or after January 1, 2018.

Establishes special separation allowances for state and local firefighters and rescue squad workers retiring between ages 60-61 with 25+ years of service or at any age with 30+ years of service, equal to 0.85% of base compensation per year of service, payable until age 62.

Increases the disabled veteran property tax homestead exclusion from $45,000 to $100,000 of appraised value and requires state reimbursement to counties and cities for revenue lost due to the expanded exclusion, effective for taxes imposed on or after July 1, 2019.

Creates a full property tax homestead exclusion for surviving spouses of emergency personnel killed in the line of duty, effective for taxes imposed on or after July 1, 2019.

Exempts marketplace contractors from minimum wage, overtime, and youth employment requirements if their written contract with a marketplace platform establishes independent contractor status with specified conditions, effective July 1, 2018.