Governor McCrory ends state earned income tax credit - WNCT

Governor McCrory ends state earned income tax credit

Posted: Updated:
RALEIGH, N.C. -

It's the latest law signed by Gov. Pat McCrory making North Carolina's annual adjustments to state tax rules based on federal changes.

The law ends the state earned income tax credit after this year. It also drops the payout from 5% to 4.5%.

The governor signed the bill Wednesday.

State lawmakers decide every year whether to conform to federal tax changes. They decided to approve some and change others.

Several hundred thousand people seek the credit, which allows low-income families to collect checks if their tax credit exceeds what they owe in taxes. How much you get is based on how much you make and how many kids you have.

You can learn more here.

Powered by WorldNow

3221 South Evans Street
Greenville N.C. 27834

Telephone: 252.355.8500
Fax: 252.355.8568
Email: newsdesk@wnct.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.