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NC H387

Bill

Official Source

Status

Introduced

3/12/2025

Primary Sponsor

Mike Schietzelt

Click for details

Origin

House of Representatives

2025-2026 Session

AI Summary

  • Exempts retirement income from North Carolina state government retirement plans from state income tax
  • Exempts retirement income from North Carolina local government retirement plans from state income tax
  • Exempts retirement income from federal government retirement plans from state income tax
  • Expands existing tax exemptions beyond those currently protected by court settlement cases (Bailey v. State, Emory v. State, Patton v. State)
  • Effective for taxable years beginning on or after January 1, 2026

Legislative Description

Eliminate Tax on Gov't Retirees

Education

Last Action

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

3/13/2025

Committee Referrals

State and Local Government3/13/2025

Full Bill Text

No bill text available