GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2011

H                                                                                                                                                    1

HOUSE BILL 890

Short Title:        Extend Temporary Income Tax Surtax.		(Public)
Sponsors:	Representatives Luebke, Bryant, Wainwright, and Weiss (Primary Sponsors). For a complete list of Sponsors, see Bill Information on the NCGA Web Site.
Referred to:	Rules, Calendar, and Operations of the House.

May 5, 2011

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.