Bill Summaries: S4 (2023-2024 Session)

Tracking:
  • Bill S 4 (2023-2024)
    Summary date: Jan 25 2023 - View summary

    Amends GS 105-153.5(b), which provides permitted deductions from a taxpayer's adjusted gross income for State income tax purposes, to allow deduction of amounts received during a taxable year from State, local, or federal government retirement plans for at least 20 years of government employment. Effective for taxable years beginning on or after January 1, 2024. 
    Government, State Government, State Personnel, Tax, Local Government
    GS 105

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