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Bill > S181


NC S181

NC S181
Reinstate Earned Income Tax Credit


summary

Introduced
03/04/2021
In Committee
03/08/2021
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

2021-2022 Session

Bill Summary

Reinstate Earned Income Tax Credit

AI Summary

This bill reinstates the Earned Income Tax Credit (EITC) in North Carolina. The EITC is a refundable tax credit that provides financial assistance to low- to moderate-income individuals and families. The bill sets the credit at 5% of the federal EITC amount, and extends the sunset date of the credit from 2014 to 2025, making it available for North Carolina taxpayers through the 2024 tax year.

Sponsors (16)

Last Action

Ref To Com On Rules and Operations of the Senate (on 03/08/2021)

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