NORTH CAROLINA GENERAL ASSEMBLY
1975 SESSION
CHAPTER 535
HOUSE BILL 753
AN ACT TO INCREASE THE INHERITANCE TAX EXEMPTION ACCORDED TO SERVICEMEN'S GROUP LIFE INSURANCE FROM TEN THOUSAND DOLLARS ($10,000) TO TWENTY THOUSAND DOLLARS ($20,000).
The General Assembly of North Carolina enacts:
Section 1. Article 1 of Chapter 105 of the General Statutes is hereby amended by deleting the words and figures "ten thousand dollars ($10,000)" appearing in line 34 of G.S. 105-3(4) as the same appears in the 1972 Replacement Volume 2D, and inserting in lieu thereof the words and figures, "twenty thousand dollars ($20,000)".
Sec. 2. This act shall become effective upon ratification.
In the General Assembly read three times and ratified, this the 10th day of June, 1975.