REENACT EITC.

View NCGA Bill Details2015-2016 Session
House Bill 27 (Public) Filed Wednesday, January 28, 2015
AN ACT TO REENACT THE EARNED INCOME TAX CREDIT.
Intro. by Pierce.

Status: Ref To Com On Finance (House Action) (Feb 2 2015)

SOG comments (1):

Identical bill

Bill as filed is identical to S 275 as filed 3/12/15.

Bill History:

H 27

Bill Summaries:

  • Summary date: Jan 28 2015 - More information

    Re-enacts GS 105-151.31, the "Earned Income Tax Credit," as it existed immediately before its expiration. Requires an individual who is a nonresident or part-year resident who claims the credit under thisstatute to reduce the amount of the credit by multiplying it by the appropriate fraction: (1) for the 2015 taxable year the percentage is 2.5% and (2) for all other taxable years, the percentage is 5%.

    Provides that thisstatute is repealed for taxable years beginning on or after January 1, 2019.

    Effective for taxable years beginning on or after January 1, 2015.


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