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NC S843
Bill
AI Summary
- Exempts retirement income from State, local, or federal government retirement plans from North Carolina state income tax for government employees with at least 20 years of service
- Exempts amounts already exempt from tax under court order settlements in cases Bailey v. State, Emory v. State, and Patton v. State
- Allows exemption as a deduction from adjusted gross income when calculating North Carolina taxable income
- Effective for taxable years beginning on or after January 1, 2023
- Sponsored by Senator Burgin and referred to Rules and Operations of the Senate
Legislative Description
Eliminate Tax on Gov't Retirees
Public
Last Action
Ref To Com On Rules and Operations of the Senate
5/27/2022
Committee Referrals
Rules and Operations of the Senate5/27/2022
Full Bill Text
No bill text available