summary
Introduced
04/03/2023
04/03/2023
In Committee
04/04/2023
04/04/2023
Crossed Over
Passed
Dead
12/13/2024
12/13/2024
Introduced Session
2023-2024 Session
Bill Summary
AN ACT TO REENACT THE EARNED INCOME TAX CREDIT.
AI Summary
This bill reenacts the Earned Income Tax Credit (EITC) in North Carolina. The EITC is a refundable tax credit available to individuals who claim the federal EITC. The state EITC is set at 5% of the federal EITC amount, and it can be claimed by both residents and non-residents. The bill extends the sunset provision of the EITC from 2014 to 2025, effectively making the credit available for an additional 11 years. The bill applies to taxable years beginning on or after January 1, 2023.
Sponsors (16)
Sydney Batch (D)*,
Mary Wills Bode (D)*,
Michael Garrett (D)*,
Gale Adcock (D),
Val Applewhite (D),
Dan Blue (D),
Jay Chaudhuri (D),
Natasha Marcus (D),
Graig Meyer (D),
Mujtaba Mohammed (D),
Natalie Murdock (D),
Gladys Robinson (D),
DeAndrea Salvador (D),
Kandie Smith (D),
Joyce Waddell (D),
Mike Woodard (D),
Last Action
Ref To Com On Rules and Operations of the Senate (on 04/04/2023)
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/2023/S497 |
| BillText | https://www.ncleg.gov/Sessions/2023/Bills/Senate/PDF/S497v1.pdf |
| BillText | https://www.ncleg.gov/Sessions/2023/Bills/Senate/PDF/S497v0.pdf |
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