N.C. Gen. Stat. § 105-153.7
Individual income tax imposed
Redline — June 1, 2021 → current.View current text →
Current — June 1, 2022
As of June 1, 2021
(1) (Effective for taxable years beginning before January 1, 2017) Tax. — A tax is imposed for each taxable year on the North Carolina taxable income of every individual. The tax shall be levied, collected, and paid annually. The tax is five and seventy-five hundredths percent (5.75%) of the taxpayer’s North Carolina taxable income.
(1) (Effective for taxable years beginning before January 1, 2019) Tax. — A tax is imposed for each taxable year on the North Carolina taxable income of every individual. The tax shall be levied, collected, and paid annually. The tax is five and four hundred ninety-nine thousandths percent (5.499%) of the taxpayer’s North Carolina taxable income. (a) (Effective for taxable years beginning on or after January 1, 2019 and before January 1, 2022) Tax. — A tax is imposed for each taxable year on the North Carolina taxable income of every individual. The tax shall be levied, collected, and paid annually. The tax is five and one-quarter percent (5.25%) of the taxpayer’s North Carolina taxable income. (a) (Effective for taxable years beginning on or after January 1, 2022) Tax. — A tax is imposed for each taxable year on the North Carolina taxable income of every individual. The tax shall be levied, collected, and paid annually. The tax is a percentage of the taxpayer’s North Carolina taxable income computed as follows:
(2) (Effective for taxable years beginning on or after January 1, 2017 and before January 1, 2019) Tax. - A tax is imposed for each taxable year on the North Carolina taxable income of every individual. The tax shall be levied, collected, and paid annually. The tax is five and four hundred ninety-nine thousandths percent (5.499%) of the taxpayer's North Carolina taxable income.
(3) (Effective for taxable years beginning on or after January 1, 2019) Tax. - A tax is imposed for each taxable year on the North Carolina taxable income of every individual. The tax shall be levied, collected, and paid annually. The tax is five and one-quarter percent (5.25%) of the taxpayer's North Carolina taxable income.
(2) Withholding Tables. — The Secretary may provide tables that compute the amount of tax due for a taxable year under this Part. The tables do not apply to an individual who files a return under section 443(a)(1) of the Code for a period of less than 12 months due to a change in the individual’s annual accounting period or to an estate or trust.
History
(2013-316, s. 1.1(d); 2013-316, s. 1.2(a); 2015-241, s. 32.16(c); 2017-57, s. 38.1(a).)
Subsection (a) Set Out Three Times. - The first version of subsection (a) set out above is effective for taxable years beginning before January 1, 2017. The second version of subsection (a) set out above is effective for taxable years beginning on or after January 1, 2017 and before January 1, 2019. The third version of subsection (a) set out above is effective for taxable years beginning on or after January 1, 2019.
Taxable Years Beginning Tax In 2022 4.99% In 2023 4.75% In 2024 4.6% In 2025 4.5% In 2026 4.25% After 2026 3.99%.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.