Bill Summaries: S461 (2023-2024 Session)

Tracking:
  • Bill S 461 (2023-2024)
    Summary date: Mar 30 2023 - View summary

    Reenacts GS 105-153.11, the Earned Income Tax Credit (EITC) as it existed immediately before its expiration, but recodifies it as GS 105-153.11.  Increases the State EITC to 10% (from 5%) of the amount the individual qualifies for under the federal earned income tax credit. Removes outdated language.  Effective for taxable years beginning on or after January 1, 2023.
    Government, Tax
    GS 105

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