REENACT EITC.

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View NCGA Bill Details2015-2016 Session
House Bill 27 (Public) Filed Wednesday, January 28, 2015
AN ACT TO REENACT THE EARNED INCOME TAX CREDIT.
Intro. by Pierce.
Status: Ref To Com On Finance (House Action) (Feb 2 2015)

SOG comments (1):

Identical bill

Submitted by jhenders@sog.unc.edu on

Bill as filed is identical to S 275 as filed 3/12/15.

Bill History:

H 27

Bill Summaries:

  • Bill H 27 (2015-2016)
    Summary date: Jan 28 2015 - View Summary

    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    Provides that thisstatute is repealed for taxable years beginning on or after January 1, 2019.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.

    Government, Tax
    GS 105
View: All Summaries for Bill