NC S390

Reenacts G.S. 105-153.10 to restore North Carolina's child tax credit for taxpayers with qualifying children as defined by federal tax code section 152(c).

Provides tiered credit amounts based on filing status and adjusted gross income, ranging from $250 per child for lowest earners down to $0 for higher income brackets over $50,000-$100,000 depending on filing status.

Makes the credit refundable, allowing taxpayers to receive a refund if the credit exceeds their tax liability, with refundable credits applied after nonrefundable credits.

Requires nonresident and part-year residents to reduce the credit proportionally and limits married couples filing separately from collectively claiming more than the maximum joint return credit.

Effective for taxable years beginning January 1, 2023.