REINSTATE EARNED INCOME TAX CREDIT.

View NCGA Bill Details2019-2020 Session
Senate Bill 734 (Public) Filed Thursday, May 14, 2020
AN ACT TO REENACT THE EARNED INCOME TAX CREDIT.
Intro. by deViere, Foushee, Garrett.

Status: Ref To Com On Rules and Operations of the Senate (Senate action) (May 18 2020)

Bill History:

S 734

Bill Summaries:

  • Summary date: May 14 2020 - More information

    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, 2024. Effective January 1, 2020.


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