Title: S.L. 1979-194
Category: Introduced Bills

General Assembly of North Carolina	1979

NORTH CAROLINA GENERAL ASSEMBLY
1979 SESSION

CHAPTER 194
HOUSE BILL 150

AN ACT TO CHANGE THE PRESENT INHERITANCE TAX DEDUCTION FOR FUNERAL AND BURIAL EXPENSES.

The General Assembly of North Carolina enacts:

Section 1.  G.S. 105-9(3), as the same appears in the 1972 Replacement Volume 2D of the General Statutes, is hereby rewritten to read as follows:
"(3)	Reasonable funeral and burial expenses, which shall include bequests and devises in trust, the entire net income from which is to be applied perpetually to the care and preservation of the burial lot or burial grounds within which the decedent is buried, the enclosure thereof and the structures thereon to the extent to which the value of such bequests and devises does not exceed the smaller of the following amounts: One thousand two hundred fifty dollars ($1,250), or two per centum (2%) of the amount of the decedent's gross estate."
Sec. 2.  This act shall become effective July 1, 1979.
In the General Assembly read three times and ratified, this the 26th day of March, 1979.

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