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NC S651

Bill

Status

Introduced

4/5/2023

Primary Sponsor

Philip Berger

Click for details

Origin

Senate

2023-2024 Session

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