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NC S651
Bill
AI Summary
- Reduces North Carolina individual income tax rates beginning in 2023, with rates declining annually through 2026
- Sets tax rates at 4.5% for 2023, 3.99% for 2024, 3.49% for 2025, and 2.99% for 2026
- Establishes a long-term tax rate of 2.49% for all taxable years after 2026
- Effective for taxable years beginning on or after January 1, 2023
Legislative Description
Tax Relief For All
Individual Income
Last Action
Re-ref to Finance. If fav, re-ref to Rules and Operations of the Senate
4/6/2023
Committee Referrals
Finance4/6/2023
Rules and Operations of the Senate4/6/2023
Full Bill Text
No bill text available