summary
Introduced
05/26/2022
05/26/2022
In Committee
05/27/2022
05/27/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 Session
Bill Summary
Child Tax Credit
AI Summary
This bill proposes changes to the North Carolina child tax credit. Specifically, it increases the credit amount for qualifying children from $125 to $250 for taxpayers with an adjusted gross income (AGI) up to a certain threshold, and from $100 to $125 for taxpayers with an AGI above the threshold. The bill also makes the credit refundable, meaning taxpayers can receive the excess credit as a refund if it exceeds their tax liability. The changes would apply to tax years beginning on or after January 1, 2022.
Sponsors (15)
Jay Chaudhuri (D)*,
Milton Fitch (D)*,
Michael Garrett (D)*,
Sydney Batch (D),
Ernestine Bazemore (D),
Sarah Crawford (D),
Valerie Foushee (D),
Paul Lowe (D),
Natasha Marcus (D),
Julie Mayfield (D),
Mujtaba Mohammed (D),
Natalie Murdock (D),
Gladys Robinson (D),
DeAndrea Salvador (D),
Joyce Waddell (D),
Last Action
Ref To Com On Rules and Operations of the Senate (on 05/27/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.ncleg.gov/BillLookUp/2021/S865 | 05/27/2022 |
| Bill | https://www.ncleg.gov/Sessions/2021/Bills/Senate/PDF/S865v1.pdf | 05/28/2022 |
| Bill | https://www.ncleg.gov/Sessions/2021/Bills/Senate/PDF/S865v0.pdf | 05/27/2022 |
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