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SB 1016·NC·senate

Fair Share for Public Schools Act.

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.

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