House committee substitute to the 1st edition makes the following changes.
Amends the proposed language in GS 105-153.5 by no longer requiring the member of the Army National Guard or Air National Guard who holds one of the specified ranks to reside in North Carolina.
Amends GS 105-113.128 by amending the allocation of the proceeds of the tax on interactive sports wagering operators by reducing amount distributed to the North Carolina Major Events, Games, and Attractions Fund to 29% (was, 30%); that remaining 1% will be credited to the General Fund. Applies to net proceeds credited on or after July 1, 2025.
Makes conforming changes to the long title.
Bill Summaries: H384 (2025-2026 Session)
Tracking:
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Bill H 384 (2025-2026)Summary date: Apr 8 2025 - View summary
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Bill H 384 (2025-2026)Summary date: Mar 12 2025 - View summary
Adds the total federal basic pay received by an enlisted State resident who is a member of the Army National Guard or the Air National Guard and holds the rank of E-1, E-2, E-3, E-4, or E-5 as a deduction to an individual taxpayer's adjusted gross income under GS 105-153.5. Effective for taxable years beginning on or after January 1, 2025.