Reenacts GS 105-151.31, which sunset on January 1, 2014, concerning the earned income tax credit an individual could claim under section 32 of the Internal Revenue Code. Sets the earned income tax credit at 5% (previously, 4.5% for taxable year 2013 and 5% for all other taxable years). Repeals the reenacted statute effective for taxable years beginning on or after January 1, 2025. Effective January 1, 2023.
REENACT EARNED INCOME TAX CREDIT.
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| View NCGA Bill Details | 2023-2024 Session |
AN ACT TO REENACT THE EARNED INCOME TAX CREDIT.Intro. by Batch, Garrett, Bode.
Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Apr 4 2023)
Bill History:
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Mon, 3 Apr 2023 Senate: Filed
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Tue, 4 Apr 2023 Senate: Passed 1st Reading
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Tue, 4 Apr 2023 Senate: Ref To Com On Rules and Operations of the Senate
S 497
Bill Summaries:
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Bill S 497 (2023-2024)Summary date: Apr 3 2023 - View Summary
View: All Summaries for Bill