NC H1951

Increases child care expenses tax credit percentages under G.S. 105-151.11(a1) for taxpayers across all filing status categories and income levels.

For expenses related to dependents seven years old or older (Percentage A): increases credit from 7-9% to 10-12% depending on adjusted gross income and filing status.

For expenses related to other qualifying individuals under seven years old (Percentage B): increases credit from 10-13% to 12-15% depending on adjusted gross income and filing status.

Effective for taxable years beginning on or after January 1, 2010.