Appropriates the following amounts from the General Fund to the Department of Health and Human Services, Division of Child Development and Early Education (Division), to increase funding for the North Carolina Prekindergarten (NC Pre-K) program: (1)  $87,877,017 for 2021-22; (2) $104,582,345 for 2022-23; (3) $121,287,673 for 2023-24; (4) $137,991,673 in 2024-25; and (5) $154,695,673 for 2025-26 and in subsequent fiscal year thereafter. Requires for the 2021-22 fiscal year, that the Division increase the per-slot reimbursement rate for NC Pre-K program by 3%. Sets out how the base rate is to be determined. 

Appropriates the following amounts from the General Fund to the Division to increase funding for the North Carolina Partnership for Children, Inc: (1) $167,013,453 for 2021-22; (2) $187,013,453 for 2023-24; (3) $207,013,453 for each year 2023-26. Appropriate from the General Fund to the Division $267,013,453 for 2026-27 and each subsequent fiscal year thereafter.

Effective July 1, 2021.

Enacts new GS 105-153.11 providing an income tax credit for eligible early education teachers or directors with the amount of the credit a sum of two amounts that vary depending on years of service uninterrupted by more than six months and on education level obtained. Effective for taxable years beginning on or after January 1, 2022 and repealed effective for taxable years beginning on or after January 1, 2026.