Establishes the North Carolina Universal Income Program (NCUIP) to provide up to $3,000 monthly for up to five years to eligible individuals.
The bill establishes the North Carolina Universal Income Program (NCUIP) in the Department of Commerce. It provides a monthly income of up to $3,000 for up to five years to eligible individuals who are receiving job training or performing volunteer work. The Pay-It-Forward Fund is created to support the NCUIP, funded by private sources and government entities. NCUIP graduates must pay an extra 1% in state individual income taxes, with that revenue going into the fund to support others in the program. The Department of Commerce must report annually on the program's implementation.
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