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Primary Sponsor

Last Action

Ref To Com On Rules and Operations of the Senate2026-04-29

Vote Breakdown

No floor votes recorded.

Plain Language Summary

This bill reenacts North Carolina's Earned Income Tax Credit (EITC), which expired in 2014. The credit would provide eligible working individuals a refundable state tax credit equal to a percentage of the federal EITC they claimed, with the credit taking effect for tax years beginning January 1, 2026.

Arguments in Favor

• •Supporters argue that reenacting the EITC helps low-income working families by supplementing their earnings through a tax credit, reducing their state tax burden and providing additional income.
• •The credit is refundable, meaning families can receive money back even if they owe no taxes, providing targeted support to workers who need it most.

Arguments Against

• •Opponents may argue that reenacting the EITC increases state spending and reduces tax revenue at a time when the state budget may have competing priorities.
• •Some may question whether a state-level credit duplicates federal benefits or whether the 10% of federal EITC is an efficient use of state resources compared to other anti-poverty programs.