Bill Text: NC H1951 | 2010 | Regular Session | Amended


Bill Title: Increase Child Care Expenses Tax Credit

Spectrum: Partisan Bill (Democrat 9-0)

Status: (Introduced - Dead) 2010-06-09 - Re-ref Com On Finance [H1951 Detail]

Download: North_Carolina-2010-H1951-Amended.html

GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2009

H                                                                                                                                                    1

HOUSE BILL 1951

 

 

Short Title:        Increase Child Care Expenses Tax Credit.

(Public)

Sponsors:

Representatives Heagarty;  Faison, Gill, Goodwin, Hughes, Jackson, Lucas, Parfitt, and Stewart.

Referred to:

Ways and Means/Broadband Connectivity, if favorable, Finance.

May 25, 2010

A BILL TO BE ENTITLED

AN ACT to increase the child care expenses tax credit.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 105‑151.11(a1) reads as rewritten:

"(a1)     Applicable Percentage. – For employment‑related expenses that are incurred only with respect to one or more dependents who are seven years old or older and are not physically or mentally incapable of caring for themselves, the applicable percentage is the appropriate percentage in the column labeled "Percentage A" in the table below, based on the taxpayer's adjusted gross income determined under the Code. For employment‑related expenses with respect to any other qualifying individual, the applicable percentage is the appropriate percentage in the column labeled "Percentage B" in the table below, based on the taxpayer's adjusted gross income determined under the Code.

Filing Status                  Adjusted Gross                      Percentage A                   Percentage B

Income

 

Head of                          Up to $20,000                                 9%12%                            13%15%

Household

Over $20,000

up to $32,000                                  8%11%                            11.5%

                                                                                                13.5%

 

Over $32,000                                  7%10%                            10%12%

 

Surviving

Spouse or

Joint Return                    Up to $25,000                                 9%12%                            13%15%

 

Over $25,000

up to $40,000                                  8%11%                            11.5%

                                                                                                13.5%

 

Over $40,000                                  7%10%                            10%12%

 

Single                             Up to $15,000                                 9%12%                            13%15%

 

Over $15,000

up to $24,000                                  8%11%                            11.5%

                                                                                                13.5%

 

Over $24,000                                  7%10%                            10%12%

 

Married

Filing

Separately                      Up to $12,500                                 9%12%                            13%15%

 

Over $12,500

up to $20,000                                  8%11%                            11.5%

                                                                                                13.5%

 

Over $20,000                                  7%10%                            10%12%"

SECTION 2.  This act is effective for taxable years beginning on or after January 1, 2010.

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