Bill Summaries: S461 REENACT EITC.

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  • Summary date: Mar 30 2023 - View Summary

    Reenacts GS 105-153.11, the Earned Income Tax Credit (EITC) as it existed immediately before its expiration, but recodifies it as GS 105-153.11.  Increases the State EITC to 10% (from 5%) of the amount the individual qualifies for under the federal earned income tax credit. Removes outdated language.  Effective for taxable years beginning on or after January 1, 2023.