North Carolina S1080 proposes a constitutional amendment to limit the state income tax rate to 3.5%.
North Carolina S1080 seeks to amend the state constitution to cap the maximum tax rate on incomes at 3.5%. The bill allows for personal exemptions and deductions, ensuring only net incomes are taxed. The amendment will be presented to voters in the November 3, 2026, election. If approved by a majority, the amendment will take effect for taxable years starting January 1, 2027.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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