EXTENDING BAILEY INCLUDED IN THE STUDIES BILL (HB 945)
What is a Studies Act? Traditionally, the Studies Act is a bill that lays out the parameters of what is to be studied throughout the interim period between sessions. North Carolina's General Assembly has numerous standing committees (like Revenue Laws) which meet regularly throughout the interim. There are also different committees that will are established to study specific issues. The Studies Act lists the issues and if needed, the new committees for specific purposes. The bill also lays out how many members of each chamber will participate and when they will have a final report and/or recommended legislation for the next session to consider.
Our issue is in PART VII. REVENUE LAWS STUDY COMMITTEE STUDIES, SECTION 7.7. Equal Tax Treatment of Government Retiree Benefits (S.B. 233 – Hoyle, Jenkins; H.B. 345 – Underhill, Cleveland, Glazier, Martin) – "The Committee may study the possibility of exempting retirement benefits for all government employees from income tax in North Carolina.."
They will present a final report, complete with recommended legislation to the 2010 Short Session for consideration.
|