North Carolina - H114

Equal Tax Treatment of Govt Retirees.

Introduced

February 24, 2015

Description

This bill would end the unfair state income tax on the earned retirement benefits of military, federal, state and local government retirees who did not have five or more years of service on Aug. 12, 1989.  Retirees who did do not currently pay state income tax on their earned benefits in NC, but those who do not have to pay the tax.

Our Position

Support

Commentary

  • This bill would boost the state's economy and create jobs. 
  • It will help protect NC's military bases by encouraging retired military personnel to relocate or remain in the state, providing support services to bases.
  • It will help provide an experienced, well-trained workforce to attract and retain defense-industry jobs.

 

Original Sponsor 1

Co-Sponsors 0

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