North Carolina 2025 Session Status: In Committee Bipartisan · 18 D · 1 I · 1 R cosponsors

HB 787 — Revise NC 529 Program.

Last action — Passed 1st Reading

Track this bill free

No card. One bill, free forever — alerts when it moves.

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

This bill is in committee in the House. Introduced April 03, 2025. It must pass committee before a floor vote.

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

Prognosis

Advancing 42% · 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.

  • 20 sponsors

    2 primary, 18 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 3 parties (18 D · 1 I · 1 R) — cross-party backing.

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

34 added · 33 removed

Plain-language change summary

The recent amendment to House Bill 787 introduces a provision that allows the Education Assistance Authority to make matching contributions to the Parental Savings Trust Fund. Additionally, it adds a tax deduction of up to $2,000 for individuals (or $4,000 for married couples) who contribute to this fund, which is aimed at helping families save for education expenses. These changes are significant as they provide financial incentives to support educational savings, potentially easing the burden of college costs for families in North Carolina.

→
Previous
Latest
GENERAL ASSEMBLY OF NORTH CAROLINA H.B.
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2025 H 1 HOUSE BILL 787 Short Title:
787 Apr 3, 2025 SESSION 2025 HOUSE PRINCIPAL CLERK H D HOUSE BILL DRH10356-MTfa-34 Short Title:
Representative Roberson.
Representatives Roberson, T.
Brown, and Price (Primary Sponsors).
For a complete list of sponsors, refer to the North Carolina General Assembly web site.
A BILL TO BE ENTITLED AN ACT TO ESTABLISH A MATCHING PROGRAM FOR CONTRIBUTIONS TO THE PARENTAL SAVINGS TRUST FUND AND TO CREATE A TAX DEDUCTION FOR CERTAIN CONTRIBUTIONS TO QUALIFIED TUITION PROGRAMS.
Rules, Calendar, and Operations of the House April 8, 2025 A BILL TO BE ENTITLED AN ACT TO ESTABLISH A MATCHING PROGRAM FOR CONTRIBUTIONS TO THE PARENTAL SAVINGS TRUST FUND AND TO CREATE A TAX DEDUCTION FOR CERTAIN CONTRIBUTIONS TO QUALIFIED TUITION PROGRAMS.
Is 14 years of age or younger." SECTION 1.(b) There is appropriated from the General Fund to the Board of Governors of The University of North Carolina for the 2025-2026 fiscal year the sum of one hundred eighty thousand dollars ($180,000) in recurring funds to be allocated to the State Education Assistance Authority to provide matching contributions to the Parental Savings Trust Fund pursuant to G.S.
Is 14 years of age or younger." SECTION 1.(b) There is appropriated from the General Fund to the Board of Governors of The University of North Carolina for the 2025-2026 fiscal year the sum of one hundred eighty thousand dollars ($180,000) in recurring funds to be allocated to the State *H787-v-1* General Assembly Of North Carolina Session 2025 Education Assistance Authority to provide matching contributions to the Parental Savings Trust Fund pursuant to G.S.
*DRH10356-MTfa-34* General Assembly Of North Carolina Session 2025 SECTION 1.(c) This section becomes effective July 1, 2025.
SECTION 1.(c) This section becomes effective July 1, 2025.
3 PART II.
5 PART II.
Page 2 DRH10356-MTfa-34
Page 2 House Bill 787-First Edition
⬇ Download PDF
View plain text versions (2)

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 establishes a matching program for contributions to the Parental Savings Trust Fund and creates a tax deduction for contributions made to this fund.

  • G.S. 116-209.25

    (e1) Matching Program. – The Authority shall establish a matching program for contributions made by eligible persons who open an education savings and investment plan account qualified under section 529 of the Internal Revenue Code to contribute funds to the Parental Savings Trust Fund for qualifying students. As part of the Program, the Authority shall provide matching contributions of one hundred dollars ($100.00) for every fifty dollars ($50.00) contributed by an eligible person, up to five hundred dollars ($500.00) per year. Matching funds shall be provided up to a maximum of one thousand five hundred dollars ($1,500) per qualifying student.

    Establishes a new subsection for a matching program to support contributions to the Parental Savings Trust Fund.

  • G.S. 105-153.5(b)

    (12a) An amount, not to exceed two thousand dollars ($2,000), contributed to an account in the Parental Savings Trust Fund of the State Education Assistance Authority established pursuant to G.S. 116-209.25. In the case of a married couple filing a joint return, the maximum dollar amount of the deduction is four thousand dollars ($4,000). The taxpayer shall add to adjusted gross income the amount deducted in a prior taxable year under this subdivision to the extent this amount was withdrawn from the Parental Savings Trust Fund and not used to pay for the qualified higher education expenses of the designated beneficiary, unless the withdrawal was made without penalty under section 529 of the Code due to the death or permanent disability of the designated beneficiary.

    Creates a new tax deduction for contributions to the Parental Savings Trust Fund, encouraging savings for education expenses.

Action History

  1. Passed 1st Reading

  2. Ref To Com On Rules, Calendar, and Operations of the House

  3. Filed

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

2 sponsors · 18 co-sponsors · 159 not signed on

Sponsors (2)

Co-sponsors (18)

Not signed on (159)

159 members have not signed on to this bill.

Show all 159 →

"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 education
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 HB 787?
HB 787 is sponsored by Phil Rubin (Democratic), Rodney D. Pierce (Democratic), Marcia Morey (Democratic), Nasif Majeed (U), Jordan Lopez (Democratic), Carolyn G. Logan (Democratic), Monika Johnson-Hostler (Democratic), Pricey Harrison (Democratic), Aisha O. Dew (Democratic), Sarah Crawford (Democratic), Maria Cervania (Democratic), Deb Butler (Democratic), Allen Buansi (Democratic), Kanika Brown (Democratic), Mary Belk (Democratic), Eric Ager (Democratic), Renée A. Price (Democratic), Terry M. Brown Jr. (Democratic), James Roberson (Democratic), and Neal Jackson (Republican).
What is the current status of HB 787?
This bill is in committee in the House. Introduced April 03, 2025. It must pass committee before a floor vote.
Where can I track HB 787?
Track HB 787 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on HB 787

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of HB 787

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →