GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1989

H	2 

HOUSE BILL 208
Committee Substitute Favorable 4/28/89

Short Title:  Private Ret. Tax Exclusion.	(Public)
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February 14, 1989

A BILL TO BE ENTITLED
AN ACT TO PROVIDE A PARTIAL EXCLUSION FROM INCOME FOR RETIREMENT PAY RECEIVED BY A TAXPAYER FROM A PRIVATE EMPLOYER RETIREMENT PROGRAM.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 105-141(b) is amended by adding a new subdivision to read:
"(31)	The amount, not to exceed four thousand dollars ($4,000), received by an individual from one or more private employer retirement programs."
Sec. 2.  This act is effective for taxable years beginning on or after January 1, 1989.