House Bill 569: Working Families Act

• Reduces subsidized child care copayments from 10% to 7% of gross family income, effective July 1, 2023.

• Reinstates the state child tax credit with amounts ranging from $100-$250 per dependent child based on adjusted gross income and filing status, effective January 1, 2023.

• Increases state minimum wage to $15.00 per hour on Labor Day 2023 and allows local governments to adopt higher local minimum wages.

• Establizes the North Carolina Paid Family Leave Insurance Act, effective January 1, 2024, providing up to 12-26 weeks of wage replacement benefits for employees taking leave for childbirth, family care, serious health conditions, or military family exigencies, funded by employer payroll contributions.

• Creates a homebuyers' assistance program for first-time homebuyers employed as public servants with up to $25,000 in down payment and closing cost assistance; appropriates $150 million for the program and $49 million ($19 million + $30 million) for employer grants to offset paid family leave costs.