Reenact EITC.

Summary

The bill restores the state Earned Income Tax Credit (EITC) by copying the law as it existed before it expired and placing it in the statutes as G.S. 105‑153.12. It gives eligible taxpayers a credit equal to 20% of the federal EITC amount, with a reduced rate of 4.5% for 2013 and 5% for other years, and the credit is refundable if it exceeds the taxpayer’s state tax liability. The measure takes effect for tax years beginning on or after January 1 2026.

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