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
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 a financial boost to low- to moderate-income individuals and families. Previously, the EITC in North Carolina was set to expire in 2014, but this bill extends it to remain in effect until 2025. The bill sets the EITC at 5% of the federal EITC amount, up from the previous 4.5% in 2013. This change is effective for tax years beginning on or after January 1, 2022.
Sponsors (10)
Mujtaba Mohammed (D)*,
Ernestine Bazemore (D),
Sarah Crawford (D),
Valerie Foushee (D),
Paul Lowe (D),
Natasha Marcus (D),
Julie Mayfield (D),
Natalie Murdock (D),
Gladys Robinson (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 |
|---|---|
| State Bill Page | https://www.ncleg.gov/BillLookUp/2021/S858 |
| Bill | https://www.ncleg.gov/Sessions/2021/Bills/Senate/PDF/S858v1.pdf |
| Bill | https://www.ncleg.gov/Sessions/2021/Bills/Senate/PDF/S858v0.pdf |
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