Fair Share for Public Schools Act.

Summary

The bill adds a new 7% tax on any North Carolina taxable income that exceeds $1 million per year. After allowing up to $100,000 for Department of Revenue collection costs, the proceeds are sent to the State Public School Fund and allocated to local school districts on a per‑pupil basis. It is intended to provide additional funding for K‑12 education beginning with the 2026 tax year.

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