Plain English Summary
This bill reestablishes North Carolina's Earned Income Tax Credit (EITC), which provides a tax credit to working families based on a percentage of the federal EITC they qualify for. The credit would be set at 20% of the federal credit amount for 2026 and beyond, and any credit amount exceeding taxes owed would be refunded to the taxpayer.
Arguments in Favor
Supporters argue this bill helps working families afford basic necessities like housing, child care, and food during a time of rising costs. They point to research showing the EITC provides additional funds for health and educational expenses, increases financial security, and promotes self-sufficiency for families with children across North Carolina.
Arguments Against
Opponents may argue the bill reduces state tax revenue at a time when state budgets face competing demands for education, infrastructure, and services. They may also question whether a 20% credit is sufficient to meaningfully help families, or express concerns about the fiscal impact of making the credit refundable rather than nonrefundable.
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 115
Primary Sponsor
Representative · District 56
Primary Sponsor
Representative · District 34
Primary Sponsor
Representative · District 24
Cosponsors (34)
Representative · District 39
Representative · District 8
Representative · District 48
Representative · District 38
Representative · District 99
Representative · District 45
Representative · District 102
Representative · District 49
Representative · District 112
Representative · District 71
Representative · District 42
Representative · District 27
Representative · District 50
Representative · District 40
Representative · District 30
Representative · District 61
Representative · District 114
Representative · District 100
Representative · District 29
Representative · District 18
Representative · District 92
Representative · District 36
Representative · District 98
Representative · District 88
Representative · District 57
Representative · District 104
Representative · District 60
Representative · District 58
Representative · District 33
Representative · District 103
Representative · District 32
Representative · District 2
Representative · District 101
Representative · District 11