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NC H465

Bill

Official Source

Status

Introduced

3/23/2023

Primary Sponsor

Donnie Loftis

Click for details

Origin

House of Representatives

2023-2024 Session

AI Summary

  • Allows enlisted military service members residing in North Carolina to deduct the first $6,000 of basic pay from state income tax
  • Applies to active members of the Armed Forces of the United States, members of Army Reserve, Navy Reserve, Marine Corps Reserve, or Air Force Reserve, and members of Army National Guard or Air National Guard
  • Deduction applies only to basic pay received under Title 37 of the United States Code
  • Effective for taxable years beginning on or after January 1, 2023
  • Amends G.S. 105-153.5(b) by adding a new subdivision (17) to the state income tax code

Legislative Description

N.C. Res. Enlisted Military Pay Tax Deduction

Individual Income

Last Action

Ref to the Com on Finance, if favorable, Rules, Calendar, and Operations of the House

3/27/2023

Committee Referrals

Finance3/27/2023

Full Bill Text

No bill text available