Reenacts the Earned Income Tax Credit to provide tax relief for working families in North Carolina.
The bill reenacts the Earned Income Tax Credit to provide tax relief for working families in North Carolina. It allows a credit against the tax imposed by this Part equal to a percentage of the amount of credit the individual qualified for under section 32 of the Code. The credit is refundable if it exceeds the amount of tax imposed by this Part for the taxable year. The bill is effective for taxable years beginning on or after January 1, 2026.
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