North Carolina § 105-153 - 7. Individual income tax imposed.

§ 105-153. 7. Individual income tax imposed.

(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. (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. (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. 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. Editor's Note. - Session Laws 2013-316, s. 1.1(f), made this section effective for taxable years beginning on or after January 1, 2014. Session Laws 2013-316, s. 9(a), provides: "This act does not affect the rights or liabilities of the State, a taxpayer, or another person arising under a statute amended or repealed by this act before the effective date of its amendment or repeal; nor does it affect the right to any refund or credit of a tax that accrued under the amended or repealed statute before the effective date of its amendment or repeal." Session Laws 2015-241, s. 1.1, provides: "This act shall be known as 'The Current Operations and Capital Improvements Appropriations Act of 2015.'" Session Laws 2015-241, s. 33.6, is a severability clause. Session Laws 2017-57, s. 1.1, provides: "This act shall be known as the 'Current Operations Appropriations Act of 2017.'" Session Laws 2017-57, s. 39.6, is a severability clause. Effect of Amendments. - Session Laws 2013-316, s. 1.2(a), effective for taxable years beginning on or after January 1, 2015, substituted "five and seventy-five hundredths percent (5.75%)" for "five and eight-tenths percent (5.8%)" in the third sentence of subsection (a). Session Laws 2015-241, s. 32.16(c), effective for taxable years beginning on or after January 1, 2017, substituted "five and four hundred ninety-nine thousandths percent (5.499%)" for "five and seventy-five hundredths percent (5.75%)" in the last sentence of subsection (a). Session Laws 2017-57, s. 38.1(a), effective for taxable years beginning on or after January 1, 2019, substituted "five and one-quarter percent (5.25%)" for "five and four hundred ninety-nine thousandths percent (5.499%)" in subsection (a).