summary
Introduced
02/12/2019
02/12/2019
In Committee
02/13/2019
02/13/2019
Crossed Over
Passed
Dead
09/03/2020
09/03/2020
Introduced Session
2019-2020 Session
Bill Summary
Reinstate Earned Income Tax Credit
AI Summary
This bill reinstates the North Carolina Earned Income Tax Credit (EITC), which was previously repealed effective for taxable years beginning on or after January 1, 2014. The bill sets the EITC at 5% of the federal EITC amount for most taxable years, and allows the credit to be refundable, meaning that if the credit exceeds the amount of tax owed, the excess will be refunded to the taxpayer. The bill is effective for taxable years beginning on or after January 1, 2019.
Sponsors (13)
Valerie Foushee (D)*,
Mujtaba Mohammed (D)*,
Jay Chaudhuri (D),
Michael Garrett (D),
Paul Lowe (D),
Wiley Nickel (D),
Harold Peterson (D),
Gladys Robinson (D),
Sam Searcy (D),
Erica Smith (D),
Terry Van Duyn (D),
Joyce Waddell (D),
Mike Woodard (D),
Last Action
Ref To Com On Rules and Operations of the Senate (on 02/13/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ncleg.gov/BillLookUp/2019/S50 |
| Bill | https://www.ncleg.gov/Sessions/2019/Bills/Senate/PDF/S50v1.pdf |
| Bill | https://www.ncleg.gov/Sessions/2019/Bills/Senate/PDF/S50v0.pdf |
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