Taxes in North Carolina and Illinois.
I have a client that is thinking of moving to either North Carolina or Illinois because he believes that in those two states he can make withdrawals from his non-qualified annuity and it would be free of state income tax. I cannot find anything to support this belief. Is my client misinformed? If so how did he get this impression?
Permalink Submitted by Alan Spross on Tue, 2010-03-16 00:32
No way to tell where he got this info, but according to the following link, there is no evidence that this is correct:
http://www.retirementliving.com/RLstate3.html#NORTH%20CAROLINA