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Primary Sponsor

Last Action

Ref To Com On Rules, Calendar, and Operations of the House2025-04-02

Vote Breakdown

No floor votes recorded.

Plain Language 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.