North Carolina HB 1073: NC Freedom To Work Act.

Status: Filed (as of 2020-05-14)

State: North Carolina · Session: 2019 · Bill: HB 1073

Subjects: APPROPRIATIONS, BOARDS, BUDGETING, COMMERCE, CORPORATIONS, FOR-PROFIT, COUNCIL OF STATE, CRIMES, EMPLOYMENT, FINES & PENALTIES, GOVERNOR, LICENSING & CERTIFICATION, OCCUPATIONS, PERSONNEL, PUBLIC, PUBLIC OFFICIALS, SECRETARY OF STATE, SMALL BUSINESSES, EXECUTIVE ORDERS

Sponsors: Hanig, McNeely, Sasser, Baker, Barnes, C. Smith, Carter, Cleveland, Conrad, Corbin, Goodwin, Humphrey, J. Johnson, Jarvis, Kidwell, McElraft, P. Jones, Pittman, Rogers, Sauls, Speciale, Warren

Bill Text

GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2025
H 1
HOUSE BILL 1073

Short Title: Fair Share for Public Schools Act. (Public)
Sponsors: Representatives Buansi, Prather, Baker, and R. Pierce (Primary Sponsors).
For a complete list of sponsors, refer to the North Carolina General Assembly web site.
Referred to: Rules, Calendar, and Operations of the House
April 29, 2026
*H1073-v-1*
A BILL TO BE ENTITLED 1
AN ACT TO IMPOSE A SEVEN PERCENT INCOME TAX ON INCOME THAT EXCEEDS 2
ONE MILLION DOLLARS AND TO DISTRIBUTE THOSE PROCEEDS TO THE 3
PUBLIC SCHOOL FUND. 4
The General Assembly of North Carolina enacts: 5
SECTION 1. G.S. 105-153.7 reads as rewritten: 6
"§ 105-153.7. Individual income tax imposed. 7
(a) Tax. – A tax is imposed for each taxable year on the North Carolina taxable income 8
of every individual. The tax shall be levied, collected, and paid annually. Except as otherwise 9
provided in subsection (a1) subsections (a1) and (a2) of this section, the tax is a percentage of 10
the taxpayer's North Carolina taxable income computed as follows: 11
... 12
(a2) Rate on High Income. – A tax is imposed for each taxable year on the North Carolina 13
taxable income of every individual that exceeds one million dollars ($1,000,000) at a rate of 14
seven percent (7%). The tax imposed under this subsection shall be levied, collected, and paid 15
annually. The rate reduction trigger under subsection (a1) of this section shall not apply to the 16
tax rate imposed under this subsection. Annually, the Secretary shall distribute the taxes collected 17
under this subsection, less the Department of Revenue's allowance for administrative expenses 18
associated therewith, to the State Public School Fund for allotment by the State Board of 19
Education, on behalf of the counties, to local school administrative units on a per pupil basis in 20
accordance with Article IX, Section 7(b) of the North Carolina Constitution. The Secretary may 21
retain the Department of Revenue's cost of collection, not to exceed one hundred thousand dollars 22
($100,000) a year, as reimbursement to the Department. 23
...." 24
SECTION 2. This act is effective for taxable years beginning on or after January 1, 25
2026. 26

View North Carolina HB 1073 on LegisTrack → — full text, sponsors, votes, campaign finance, and cross-state matches.