Passed One ChamberFiled Apr 30, 2026
Sponsor: Chitlik
Latest Action
Passed 1st Reading
May 4, 2026
Summary
The bill adds a 7% income tax on any North Carolina taxable income that exceeds $1 million per year. The collected tax, after limited administrative costs, is sent to the State Public School Fund for per‑pupil distribution to local school districts. It aims to increase school funding by tapping high‑income earners.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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