NORTH CAROLINA GENERAL ASSEMBLY

1967 SESSION

 

 

CHAPTER 1025

HOUSE BILL 80

 

 

AN ACT TO AMEND G.S. 105-141(b) TO EXEMPT FROM TAXATION RETIREMENT BENEFITS RECEIVED BY CERTAIN RETIRED FEDERAL EMPLOYEES.

 

The General Assembly of North Carolina do enact:

Section 1.  Subsection (b) of G.S. 105-141 is hereby amended by adding at the end thereof a new subdivision, to be numbered (12), and to read as follows:

"(12)    Any amount, not to exceed one thousand two hundred dollars ($1,200.00) received during any year under a federal employee retirement program to which the employee made contributions during his working years."

Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3.  This Act shall become effective with respect to income years beginning on or after January 1, 1967.

In the General Assembly read three times and ratified, this the 30th day of June, 1967.