NORTH CAROLINA GENERAL ASSEMBLY

1979 SESSION

CHAPTER 1183

SENATE BILL 998

AN ACT TO INCLUDE LINEAL ANCESTORS OF A DECEDENT IN THE INHERITANCE TAX CREDIT.

The General Assembly of North Carolina enacts:

Section 1.  The first sentence of G.S. 105-4(b)(3) is amended to read as follows:

"(3)      To the extent that minor children and physically and mentally disabled children have not used all of the credit allowed under subdivision (2) of this subsection, the remainder of the credit shall be allowed on a pro rata basis according to tax liability to each of the other Class A beneficiaries."

Sec. 2.  This act shall become effective July 1, 1980, with respect to estates of decedents dying on or after that date.

In the General Assembly read three times and ratified, this the 23rd day of June, 1980.