AN ACT TO AMEND THE NORTH CAROLINA CONSTITUTION TO PROVIDE THAT THE MAXIMUM TAX RATE ON INCOMES CANNOT EXCEED THREE AND ONE-HALF PERCENT. SL 2026-4. Enacted May 21, 2026. Effective May 21, 2026, except as otherwise provided.
Bill Summaries: S1080 LOWER TAXES FOR ALL NC.
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Bill S 1080 (2025-2026)Summary date: May 21 2026 - View Summary
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Bill S 1080 (2025-2026)Summary date: May 13 2026 - View 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.