Bill > H786

This bill is a comprehensive piece of legislation aimed at supporting working families in North Carolina through several key provisions. The bill reduces child care copayments from 10% to 7% of gross family income, reenacts and expands the child tax credit with increased amounts for various income levels and filing statuses, and raises the state minimum wage incrementally from current levels to $15 per hour by January 1, 2030, with annual adjustments thereafter based on the Consumer Price Index. The legislation also increases the income eligibility limit for the property tax homestead circuit breaker from 150% to 180% of the income eligibility limit. Additionally, the bill establishes a homebuyers' assistance program through the North Carolina Housing Finance Agency, providing up to $25,000 or 10% of the purchase price for first-time homebuyers who are public servants, such as teachers, law enforcement officers, firefighters, and military personnel. Perhaps most significantly, the bill creates the North Carolina Paid Family Leave Insurance Act, which will provide wage replacement benefits for workers taking leave for various family and medical reasons, with benefits ranging from 12 to 26 weeks depending on the specific circumstance, and funded through employer and employee contributions. The bill also appropriates $150 million for the Homeownership Assistance Fund and $19-30 million for an Employer Grant Fund to help offset program implementation costs.

Government Affairs

https://www.ncleg.gov/BillLookUp/2025/H786