TAX RESTORATION ACT.

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View NCGA Bill Details2015-2016 Session
House Bill 549 (Public) Filed Thursday, April 2, 2015
AN ACT TO RESTORE CERTAIN PERSONAL INCOME TAX RATES TO PREVIOUS LEVELS.
Intro. by Harrison, Insko, Luebke.
Status: Ref To Com On Rules, Calendar, and Operations of the House (House Action) (Apr 6 2015)

Bill History:

H 549

Bill Summaries:

  • Bill H 549 (2015-2016)
    Summary date: Apr 2 2015 - View Summary

    Amends GS 105-153.7(a) as the title indicates. Restores the personal income tax rate to 5.75% for individuals with taxable income up to $1 million and to 7.75% for individuals with taxable income exceeding $1 million. Effective for taxable years beginning on or after January 1, 2015.

    Government, Tax
    GS 105
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