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Primary Sponsor

Last Action

Ref To Com On Rules, Calendar, and Operations of the House2026-04-30

Vote Breakdown

No floor votes recorded.

Plain Language 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.