Senate Bill 878: Working Families Act

• Reduces parent copayments for subsidized child care from 10% to 7% of gross family income, effective July 1, 2024.

• Reenacts the state child tax credit with amounts ranging from $100 to $250 per qualifying child based on filing status and adjusted gross income, effective for tax years beginning January 1, 2025.

• Increases the state minimum wage to $15.00 per hour effective Labor Day 2024 and authorizes local governments to establish higher local minimum wages.

• Creates a homebuyers' assistance program through the North Carolina Housing Finance Agency providing up to $25,000 in down payment and mortgage insurance premium assistance for first-time homebuyers employed as public servants.

• Enacts the North Carolina Paid Family Leave Insurance Act effective January 1, 2025, providing benefits of up to 12-26 weeks depending on leave type, funded by employer contributions, with a $30 million appropriation to an Employer Grant Fund to offset employer costs.