Amends GS 105-134.2(a) to tax the following individuals at a rate of 8.5%: (1) married individuals who file a joint return and certain surviving spouses with taxable income over $1 million; (2) heads of households with taxable income over $800,000; (3) unmarried individuals with taxable income over $600,000; and (4) married individuals not filing a joint return with taxable income over $500,000. Makes conforming changes. Effective for taxable years beginning on or after January 1, 2011.
RAISE INCOME TAX ON MILLIONAIRES.
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| View NCGA Bill Details | 2011-2012 Session |
TO RAISE THE INCOME TAX RATE PAID ON HIGHLY COMPENSATED TAXPAYERS.Intro. by Luebke.
Status: Ref To Com On Rules, Calendar, and Operations of the House (House Action) (May 4 2011)
H 879
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Bill H 879 (2011-2012)Summary date: May 3 2011 - View Summary
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