summary
Introduced
03/28/2023
03/28/2023
In Committee
03/30/2023
03/30/2023
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 credit against state income tax for taxpayers with qualifying children. The bill increases the credit amount from $125 to $250 for taxpayers with adjusted gross incomes up to $40,000 (or $32,000 for head of household, $20,000 for single, and $20,000 for married filing separately). The credit is reduced to $125 for taxpayers with higher incomes, but the credit remains refundable if it exceeds the taxpayer's tax liability. The bill also clarifies that married individuals filing separately cannot collectively claim more than the maximum credit allowed under a joint return. The provisions of this bill are effective for tax years beginning on or after January 1, 2023.
Committee Categories
Government Affairs
Sponsors (27)
Wesley Harris (D)*,
Brandon Lofton (D)*,
Robert Reives (D)*,
Eric Ager (D),
John Autry (D),
Cynthia Ball (D),
Mary Belk (D),
Gloristine Brown (D),
Terry Brown (D),
Allen Buansi (D),
Becky Carney (D),
Ashton Clemmons (D),
Carla Cunningham (I),
Terence Everitt (D),
Rosa Gill (D),
Pricey Harrison (D),
Zack Hawkins (D),
Frances Jackson (D),
Joe John (D),
Carolyn Logan (D),
Tim Longest (D),
Marvin Lucas (D),
Nasif Majeed (I),
Marcia Morey (D),
Renée Price (D),
Caleb Rudow (D),
Julie Von Haefen (D),
Last Action
Ref To Com On Rules, Calendar, and Operations of the House (on 03/30/2023)
Bill Topics
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Social Welfare
- ‐ Family Issues
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.ncleg.gov/BillLookUp/2023/H514 | 03/28/2023 |
| BillText | https://www.ncleg.gov/Sessions/2023/Bills/House/PDF/H514v1.pdf | 03/30/2023 |
| BillText | https://www.ncleg.gov/Sessions/2023/Bills/House/PDF/H514v0.pdf | 03/28/2023 |
Loading...