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 thisstatute 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Provides that thisstatute is repealed for taxable years beginning on or after January 1, 2019.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(link is external) | 2015-2016 Session |
AN ACT TO REENACT THE EARNED INCOME TAX CREDIT.Intro. by Pierce.
Status: Ref To Com On Finance (House Action) (Feb 2 2015)
Bill History:
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Wed, 28 Jan 2015 House: Filed(link is external)
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Mon, 2 Feb 2015 House: Passed 1st Reading(link is external)
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Mon, 2 Feb 2015 House: Ref To Com On Finance(link is external)
H 27
Bill Summaries:
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Bill H 27 (2015-2016)Summary date: Jan 28 2015 - View Summary
View: All Summaries for Bill
Bill as filed is identical to S 275 as filed 3/12/15.