H786

North Carolina H786 reduces child care copayments, reinstates the child tax credit, raises the minimum wage, increases the property tax homestead.

North Carolina H786 reduces parent copayments for subsidized child care, reinstating the child tax credit for eligible families. It raises the state minimum wage in phases up to fifteen dollars per hour, allowing a higher local minimum wage. The bill increases the income eligibility limit for the property tax homestead circuit breaker. It creates a homebuyers' assistance program with the North Carolina Housing Finance Agency for first-time homebuyers who work as public servants.