Identical to H 27, filed 1/28/15.
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 this statute 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Provides that this statute is repealed for taxable years beginning on or after January 1, 2019.
Effective for taxable years beginning on or after January 1, 2015.
REENACT EITC.
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| View NCGA Bill Details | 2015-2016 Session |
AN ACT TO REENACT THE EARNED INCOME TAX CREDIT.Intro. by D. Davis, J. Jackson.
Status: Ref To Com On Rules and Operations of the Senate (Senate Action) (Mar 16 2015)
Bill History:
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Thu, 12 Mar 2015 Senate: Filed
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Mon, 16 Mar 2015 Senate: Passed 1st Reading
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Mon, 16 Mar 2015 Senate: Ref To Com On Rules and Operations of the Senate
S 275
Bill Summaries:
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Bill S 275 (2015-2016)Summary date: Mar 12 2015 - View Summary
View: All Summaries for Bill