summary
Introduced
03/28/2023
03/28/2023
In Committee
03/29/2023
03/29/2023
Crossed Over
Passed
Dead
12/13/2024
12/13/2024
Introduced Session
2023-2024 Session
Bill Summary
AN ACT TO REENACT THE CHILD TAX CREDIT.
AI Summary
This bill reenacts the child tax credit, which provides a tax credit to taxpayers for each qualifying child. The credit amount is $250 for married filing jointly taxpayers with adjusted gross income (AGI) up to $40,000, and $125 for those with AGI over $40,000 up to $100,000. The credit amounts are similar for other filing statuses based on different AGI thresholds. The credit is refundable, meaning if it exceeds the taxpayer's tax liability, the excess will be refunded. The bill applies to taxable years beginning on or after January 1, 2023.
Sponsors (15)
Jay Chaudhuri (D)*,
Michael Garrett (D)*,
Kandie Smith (D)*,
Gale Adcock (D),
Sydney Batch (D),
Mary Wills Bode (D),
Lisa Grafstein (D),
Rachel Hunt (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 03/29/2023)
Bill Topics
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Social Welfare
- ‐ Family Issues
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/2023/S390 | 03/28/2023 |
| BillText | https://www.ncleg.gov/Sessions/2023/Bills/Senate/PDF/S390v1.pdf | 03/29/2023 |
| BillText | https://www.ncleg.gov/Sessions/2023/Bills/Senate/PDF/S390v0.pdf | 03/28/2023 |
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