NC H1952

Allow individuals a state tax credit of $600 for each child with a disability (as defined in G.S. 115C-106.3) who qualifies for the federal child tax credit under section 24 of the Internal Revenue Code.

Provide a $100 tax credit for every other dependent child who qualifies for the federal child tax credit.

Limit the credit to taxpayers with adjusted gross income below specified thresholds: $100,000 for married filing jointly, $80,000 for head of household, $60,000 for single filers, and $50,000 for married filing separately.

Require nonresident or part-year residents to reduce the credit amount using the fraction calculated under G.S. 105-134.5(b) or (c).

Make the tax credit effective for taxable years beginning on or after January 1, 2010.