Reenacts GS 105-153.11, the Earned Income Tax Credit (EITC) as it existed immediately before its expiration, but recodifies it as GS 105-153.11. Increases the State EITC to 10% (from 5%) of the amount the individual qualifies for under the federal earned income tax credit. Removes outdated language. Effective for taxable years beginning on or after January 1, 2023.
REENACT EITC.
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| View NCGA Bill Details | 2023-2024 Session |
AN ACT TO REENACT THE EARNED INCOME TAX CREDIT.Intro. by Salvador, Chaudhuri, Garrett.
Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Apr 3 2023)
Bill History:
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Thu, 30 Mar 2023 Senate: Filed
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Mon, 3 Apr 2023 Senate: Passed 1st Reading
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Mon, 3 Apr 2023 Senate: Ref To Com On Rules and Operations of the Senate
S 461
Bill Summaries:
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Bill S 461 (2023-2024)Summary date: Mar 30 2023 - View Summary
View: All Summaries for Bill