NORTH CAROLINA GENERAL ASSEMBLY

1967 SESSION

 

 

CHAPTER 871

HOUSE BILL 1104

 

 

AN ACT TO EXEMPT FROM STATE INCOME TAX BENEFITS FROM FIREMEN'S RETIREMENT AND PENSION FUNDS.

 

The General Assembly of North Carolina do enact:

 

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

"(12)    The amounts received in lump sum or monthly payments of benefits from retirement and pension funds established for firemen by or under the control of cities or counties located in North Carolina; provided, that such amounts shall be exempt from income tax only if they would have been exempt under the provisions of either G.S. 143-166 (relating to the Law Enforcement Officers' Benefit and Retirement Fund) or G S. 128-31 (relating to North Carolina Local Governmental Employee's Retirement Fund) if such cities or counties had elected to provide such benefits for firemen under the provisions of such laws."

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  All laws and clauses of laws in conflict with this Act are hereby repealed.

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

In the General Assembly read three times and ratified, this the 21st day of June, 1967.