Plain English Summary
This bill reinstates North Carolina's child tax credit, which had previously expired. The credit allows eligible taxpayers to reduce their state income taxes by $125-$250 per qualifying child, depending on their filing status and income level, with the credit amount decreasing for higher earners. The credit is refundable, meaning taxpayers can receive a refund if the credit exceeds their tax liability.
Arguments in Favor
Supporters argue this credit helps working families and parents afford the costs of raising children by reducing their state tax burden. They contend the credit provides meaningful financial relief, particularly for middle and lower-income households, and that reinstating it encourages economic growth by putting money back in families' pockets. Proponents also note the credit is refundable, ensuring even low-income families benefit.
Arguments Against
Opponents may argue the credit reduces state tax revenue during a period when North Carolina needs funding for public services like education and infrastructure. They contend the benefits flow primarily to families who already claim the federal child tax credit, questioning whether additional state relief is necessary. Some may also suggest the income thresholds mean higher-earning families receive reduced or no benefits, raising equity concerns about program design.
AI-generated analysis based on bill text. Always verify with official sources at ncleg.gov. This is not legal or political advice.
Sponsors
Primary Sponsor
Representative · District 98
Primary Sponsor
Representative · District 54
Primary Sponsor
Representative · District 34
Primary Sponsor
Representative · District 104
Cosponsors (31)
Representative · District 114
Representative · District 100
Representative · District 42
Representative · District 48
Representative · District 21
Representative · District 27
Representative · District 106
Representative · District 41
Representative · District 30
Representative · District 72
Representative · District 49
Representative · District 112
Representative · District 71
Representative · District 40
Representative · District 36
Representative · District 56
Representative · District 45
Representative · District 92
Representative · District 61
Representative · District 29
Representative · District 66
Representative · District 88
Representative · District 11
Representative · District 31
Representative · District 57
Representative · District 58
Representative · District 33
Representative · District 39
Representative · District 101
Representative · District 2
Representative · District 24