NORTH CAROLINA GENERAL ASSEMBLY

1971 SESSION

 

 

CHAPTER 996

HOUSE BILL 186

 

 

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

 

The General Assembly of North Carolina enacts:

 

Section 1.  Subsection (b) of G.S. 105-141 is hereby amended by adding at the end thereof a new subdivision, to be numbered (17) and to read as follows:

"(17)    Any amount, not to exceed twelve hundred fifty dollars ($1,250.00) received by a taxpayer during any year as retired or retainer pay as a result of service in any of the Armed Forces of the United States."

Sec. 2.  This act shall become effective with respect to income years beginning on and after January 1, 1972.

In the General Assembly read three times and ratified, this the 20th day of July, 1971.