North Carolina House bill in Session 2025.
Status: in_committee. Latest action: March 13, 2025.
Eliminate Tax on Gov't Retirees.
Amends GS 105-153.5 to allow a deduction from gross income when calculating North Carolina taxable income the amount received during the taxable year from one or more of the following: (1) a North Carolina State government retirement plan; (2) a North Carolina local government retirement plan, or (3) a federal government retirement plan not included within subdivision (5a), concerning specified federal retirement payments (was, from one or more State, local, or federal government retirement plans to the extent the amount is exempt from tax under a court order in settlement of one of the three specified cases). Effective for taxable years beginning on or after January 1, 2026.
| Date | Event | Detail |
|---|---|---|
| 2025-03-12 | Introduced | Bill introduced |
| 2025-03-13 | Status | in_committee |
| 2025-03-13 | Latest Action | Ref to the Com on State and Local Government, if favorable, Finance, if favorable, Rules, Calendar, and Operations of the House |