Bill Summaries: S669 REDUCE THE INDIVIDUAL INCOME TAX RATE.

Tracking:
  • Summary date: Apr 4 2013 - More information

    Amends GS 105-134.2(a), providing for phase-ins of reductions to the individual income tax rate. First reductions will become effective January 1, 2014, with the second and third phase of reductions becoming effective on January 1, 2015, and January 1, 2016.

    Directs the Revenue Laws Study Committee to study the elimination of the individual income tax as a General Fund revenue source and report its findings and recommendations to the NC General Assembly.

    Except as otherwise provided, this act is effective when it becomes law.


© 2021 School of Government The University of North Carolina at Chapel Hill

This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.

Printer-friendly: Click to view