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NC S901
Bill
Status
Introduced
5/26/2022
Primary Sponsor
Mujtaba Mohammed
Click for details
AI Summary
- Creates a tax credit for North Carolina taxpayers who claim a qualifying relative as a dependent under federal tax law
- Provides a $3,000 credit per qualifying relative who is a veteran of the U.S. Armed Forces and a $1,500 credit per other qualifying relative
- Limits eligibility based on adjusted gross income: $150,000 for married filing jointly/surviving spouse, $112,500 for head of household, and $75,000 for single and married filing separately filers
- Reduces the credit for nonresident or part-year residents by multiplying it by a fraction calculated under existing state tax law
- Effective for taxable years beginning on or after January 1, 2022
Legislative Description
Caregiver Tax Credit
Public
Last Action
Ref To Com On Rules and Operations of the Senate
5/27/2022
Committee Referrals
Rules and Operations of the Senate5/27/2022
Full Bill Text
No bill text available