NC H628

Reenacts North Carolina's child tax credit (G.S. 105-153.10) which had previously expired, effective for taxable years beginning on or after January 1, 2025

Doubles the maximum credit amount from $125 to $250 per qualifying child for lowest income brackets, and increases the middle-tier credit from $100 to $125

Sets income thresholds for full credit: $40,000 AGI for married filing jointly, $32,000 for head of household, and $20,000 for single or married filing separately

Phases out the credit entirely for taxpayers with AGI over $100,000 (married filing jointly), $80,000 (head of household), or $50,000 (single/married filing separately)

Makes the credit fully refundable, meaning taxpayers receive the excess as a refund if the credit exceeds their tax liability