GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2011
H D
HOUSE DRH50320-MCx-170 (04/01)
Short Title: Extend Temporary Income Tax Surtax. |
(Public) |
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Sponsors: |
Representatives Luebke, Bryant, and Weiss (Primary Sponsors). |
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Referred to: |
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A BILL TO BE ENTITLED
AN ACT to extend the temporary income tax modifications.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 105-130.3B reads as rewritten:
"§ 105-130.3B. Income tax surtax.
(a) Surtax. - An income tax surtax is imposed on a taxpayer equal to three percent (3%) of the tax payable by the taxpayer under G.S. 105-130.3 for the taxable year. This tax is in addition to the tax imposed by G.S. 105-130.3 and is due at the time prescribed in G.S. 105-130.17 for filing a corporate income tax return.
(b) Sunset. - This
section expires for taxable years beginning on or after January 1, 2011.2013."
SECTION 2. G.S. 105-134.2A(b) reads as rewritten:
"§ 105-134.2A. Income tax surtax.
(a) Surtax. - An income tax surtax is imposed on a taxpayer equal to a percentage of the tax payable by the taxpayer under G.S. 105-134.2 for the taxable year. This tax is in addition to the tax imposed by G.S. 105-134.2 and is due at the time prescribed in G.S. 105-155 for filing an individual income tax return. The surtax is imposed at the following percentage rates and applies to the tax payable on the taxpayer's North Carolina taxable income:
Filing Status Over Up To Percentage
Married, filing jointly
or surviving spouse $ 0 $100,000 0%
$100,000 $250,000 2%
$250,000 NA 3%
Head of household $ 0 $ 80,000 0%
$ 80,000 $200,000 2%
$200,000 NA 3%
Single $ 0 $ 60,000 0%
$ 60,000 $150,000 2%
$150,000 NA 3%
Married, filing
separately $ 0 $ 50,000 0%
$ 50,000 $125,000 2%
$125,000 NA 3%.
(b) Sunset. - This
section expires for taxable years beginning on or after January 1, 2011.2013."
SECTION 3. This act is effective when it becomes law.