LEGISLATIVE BULLETIN: Strengthen the State EITC, Don't Dismantle It

Key Points:

• 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.