North Carolina 2025 Session Status: In Committee 8 D cosponsors

SB 304 — Reenact EITC.

Last action — Passed 1st Reading

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced March 17, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Stalled 26% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 8 sponsors

    2 primary, 6 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (8 D).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

8 added · 9 removed

Plain-language change summary

The recent changes to Bill SB 304 involve the addition of lines that clarify how tax credits will be applied to overall tax calculations for the upcoming tax year. Specifically, it emphasizes that the total tax owed will be reduced by the sum of all allowable credits. This matters because it aims to ensure a clearer understanding of how taxpayers can benefit from these credits, potentially helping them save money on their taxes.

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FILED SENATE GENERAL ASSEMBLY OF NORTH CAROLINA Mar 17, 2025 S.B.
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2025 S 1 SENATE BILL 304 Short Title:
304 SESSION 2025 PRINCIPAL CLERK S D SENATE BILL DRS45147-MCf-115 Short Title:
A BILL TO BE ENTITLED AN ACT TO REENACT THE EARNED INCOME TAX CREDIT.
Rules and Operations of the Senate March 18, 2025 A BILL TO BE ENTITLED AN ACT TO REENACT THE EARNED INCOME TAX CREDIT.
– If the credit allowed by this section exceeds the amount of tax imposedbythisPartforthetaxableyearreducedbythesumofallcredits allowable,theSecretary must refund the excess to the taxpayer.
– If the credit allowed by this section exceeds the amount of tax imposedbythisPartforthetaxable yearreducedbythesumofallcreditsallowable,theSecretary must refund the excess to the taxpayer.
*DRS45147-MCf-115*
*S304-v-1*
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How this bill changes current law

2 changes Share ↗

Compared against the N.C. General Statutes as published AI-generated reading aid — verify against the official bill.

The bill reenacts the Earned Income Tax Credit previously repealed and recodifies it under a new section.

  • N.C.G.S. § 105-151.31

    § 105-151.31: Repealed pursuant to former subsection (c) of this section, effective for taxable years beginning on or after January 1, 2014. → § 105-153.12. Earned income tax credit. (a) Credit. – An individual who claims for the taxable year an earned income tax credit under section 32 of the Code is allowed a credit against the tax imposed by this Part equal to a percentage ten percent (10%) of the amount of credit the individual qualified for under section 32 of the Code. A nonresident or part-year resident who claims the credit allowed by this section must reduce the amount of the credit by multiplying it by the fraction calculated under G.S. 105-153.4(b) or (c), as appropriate. The percentage is as follows: (1) For taxable year 2013, four and one-half percent (4.5%). (2) For all other taxable years, five percent (5%). (b) Credit Refundable. – If the credit allowed by this section exceeds the amount of tax imposedbythisPartforthetaxable yearreducedbythesumofallcreditsallowable,theSecretary must refund the excess to the taxpayer. The refundable excess is governed by the provisions governing a refund of an overpayment by the taxpayer of the tax imposed in this Part. Section 3507 of the Code, Advance Payment of Earned Income Credit, does not apply to the credit allowed by this section. In computing the amount of tax against which multiple credits are allowed, nonrefundable credits are subtracted before refundable credits. (c) Sunset. – This section is repealed effective for taxable years beginning on or after January 1, 2014.

    This change reenacts the Earned Income Tax Credit, allowing eligible individuals to receive a state tax credit based on their federal earned income tax credit.

  • This act is effective for taxable years beginning on or after January 1, 2025.

    This specifies the effective date of the reenacted Earned Income Tax Credit.

Action History

  1. Passed 1st Reading

  2. Ref To Com On Rules and Operations of the Senate

  3. Filed

Sponsors

Sponsorship breakdown

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2 sponsors · 6 co-sponsors · 171 not signed on

Sponsors (2)

Co-sponsors (6)

Not signed on (171)

171 members have not signed on to this bill.

Show all 171 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 304?
SB 304 is sponsored by Caleb Theodros (Democratic), DeAndrea Salvador (Democratic), Natalie S. Murdock (Democratic), Sophia Chitlik (Democratic), Jay J. Chaudhuri (Democratic), Woodson Bradley (Democratic), Lisa Grafstein (Democratic), and Kandie D. Smith (Democratic).
What is the current status of SB 304?
This bill is in committee in the Senate. Introduced March 17, 2025. It must pass committee before a floor vote.
Where can I track SB 304?
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Last checked for changes 3 months ago · updated continuously

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