Reenacts the Earned Income Tax Credit in North Carolina for taxable years starting from 2025.

North Carolina S211 reenacts the Earned Income Tax Credit, allowing individuals to claim a credit against their tax equal to a percentage of the credit they qualified for under section 32 of the Code. For taxable year 2013, the percentage is 4.5%, and for all other years, it is 5%. The credit is refundable, meaning if it exceeds the tax imposed, the excess is refunded to the taxpayer. The act is effective for taxable years beginning on or after January 1, 2025.

Reenacts the Earned Income Tax Credit in North Carolina for taxable years starting from 2025.

North Carolina S211 reenacts the Earned Income Tax Credit, allowing individuals to claim a credit against their tax equal to a percentage of the credit they qualified for under section 32 of the Code. For taxable year 2013, the percentage is 4.5%, and for all other years, it is 5%. The credit is refundable, meaning if it exceeds the tax imposed, the excess is refunded to the taxpayer. The act is effective for taxable years beginning on or after January 1, 2025.