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ND SB2042

Bill

Official Source

Status

Engrossed

2/25/2015

Primary Sponsor

Legislative Management

Click for details

Origin

Senate

64th Legislative Assembly

AI Summary

  • Adds a new income tax deduction to North Dakota Century Code section 57-38-30.3 for retired military personnel benefits received by taxpayers.

  • Extends the deduction to surviving spouses of deceased retired members of the armed forces, reserve components, or national guard and reserve components of the national guard.

  • Limits the deduction to amounts that were included in federal taxable income.

  • Effective for taxable years beginning after December 31, 2014.

Legislative Description

An income tax deduction for retired military personnel pay; and to provide an effective date.

Last Action

Second reading, failed to pass, yeas 34 nays 56

3/13/2015

Committee Referrals

Finance and Taxation3/4/2015
Appropriations2/16/2015
Finance and Taxation1/6/2015

Full Bill Text

No bill text available