Bill Summaries: H549 (2015-2016 Session)

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  • Summary date: Apr 2 2015 - View summary

    Amends GS 105-153.7(a) as the title indicates. Restores the personal income tax rate to 5.75% for individuals with taxable income up to $1 million and to 7.75% for individuals with taxable income exceeding $1 million. Effective for taxable years beginning on or after January 1, 2015.