Bill Summary for S 1080 (2025-2026)
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Bill: LOWER TAXES FOR ALL NC.
Summary date:
May 13 2026
S.L. 2026-4
Bill Information:
| View NCGA Bill Details | 2025-2026 Session |
AN ACT TO AMEND THE NORTH CAROLINA CONSTITUTION TO PROVIDE THAT THE MAXIMUM TAX RATE ON INCOMES CANNOT EXCEED THREE AND ONE-HALF PERCENT.Intro. by Lee, Sawrey, Barnes.
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Bill summary
Subject to approval of the voters at the Statewide general election to be held November 3, 2026, amends Section 2 of Article V of State Constitution to lower the cap on State income tax from 7% to 3.5%. Effective upon certification and applies to taxable years beginning on or after January 1, 2027.