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North Carolina Adopts Federal Tax Rules for 1957
The 1957 General Assembly aligned North Carolina income tax with Federal provisions on annuities alimony property sale gains meals and lodging benefits and tax treatment of estate income. Changes apply to 1957 and affect exemptions deductions and group insurance plans with specific rules on income in respect of a decedent and fiduciary distributions.
MENTIONED IN THIS ARTICLE
North Carolina
General Assembly
Revenue Department
Gutstrom
Perm