NORTH CAROLINA GENERAL ASSEMBLY

1969 SESSION

CHAPTER 1272

HOUSE BILL 433

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.  G.S. 105-141(b)(14) is amended by striking the words and figures "one thousand two hundred dollars ($1,200.00)" in lines one and two thereof and substituting in lieu thereof the following: "three thousand dollars ($3,000.00)".

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  All laws and clauses of laws in conflict with this Act are hereby repealed.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, 1969.

In the General Assembly read three times and ratified, this the 2nd day of July, 1969.