LEGISLATIVE BULLETIN: Strengthen the State EITC, Don't Dismantle It
- House Bill 93 proposes to eliminate the refundable portion of the state Earned Income Tax Credit, taking away its ability to help working families and boost local economies.
- Eliminating the refundable portion of the state EITC would raise taxes on 1 in 10 North Carolinians. It would particularly hit low-income working families who pay a greater share of their income in total state and local taxes than higher-income families.
- The state EITC helps working families purchase necessities, and because these dollars are spent locally, they stimulate the economies in all 100 counties.