{"data":{"id":"us-nc/n.c.-gen.-stat.-105-153.7","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 105-153.7","heading":"Individual income tax imposed.","body":"(a)\tTax. - 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. Except as otherwise provided in subsection (a1) of this section, the tax is a percentage of the taxpayer's North Carolina taxable income computed as follows:\nTaxable Years Beginning\tTax\nIn 2022\t4.99%\nIn 2023\t4.75%\nIn 2024\t4.5%\nIn 2025\t4.25%\nAfter 2025\t3.99%.\n(a1)\tRate Reduction Trigger. - Notwithstanding the tax rates set out in subsection (a) of this section, if total General Fund revenue in a fiscal year set out below exceeds the trigger amount indicated for that fiscal year, then the applicable tax rate for the indicated and subsequent tax years shall be equal to the greater of (i) the prior taxable year's rate decreased by one-half percentage point (0.50%) or (ii) two and forty-nine hundredths percent (2.49%). For purposes of this subsection, total General Fund revenue is the amount stated in the final accounting of total General Fund Reverting Net Tax and Non-Tax Revenues for the fiscal year, as reported by the Office of State Controller in August following the end of the fiscal year.\nFiscal Year\tTrigger Amount\tTaxable Year Beginning\nFY 2025-2026\t$33,042,000,000\tIn 2027\nFY 2026-2027\t$34,100,000,000\tIn 2028\nFY 2027-2028\t$34,760,000,000\tIn 2029\nFY 2028-2029\t$35,750,000,000\tIn 2030\nFY 2029-2030\t$36,510,000,000\tIn 2031\nFY 2030-2031\t$38,000,000,000\tIn 2032\nFY 2031-2032\t$38,500,000,000\tIn 2033\nFY 2032-2033\t$39,000,000,000\tIn 2034\n(b)\tWithholding 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. (2013-316, s. 1.1(d); 2013-316, s. 1.2(a); 2015-241, s. 32.16(c); 2017-57, s. 38.1(a); 2021-180, s. 42.1(a); 2023-134, s. 42.1(a).)","path":["","Article 4. Income Tax.","Part 2. Individual Income Tax."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_105/GS_105-153.7.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:15:52Z","sha256":"f1ed985bf9a15e8ee49a0429a1b0a2dc5b5cbc30f647c4ff2cedbc17ec857b6d","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-105-153.6","next":"us-nc/n.c.-gen.-stat.-105-153.8"},"notice":"GroundRules: Original legal text. Not legal advice."}