A BILL TO BE ENTITLED
AN ACT to restore certain personal income tax rates to previous levels.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 105‑153.7(a) reads as rewritten:
"(a)	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 and shall be computed at the following percentages of the taxpayer's North Carolina taxable income.
	Over	Up To	Rate
	‑0‑	$1,000,000	5.75%
	$1,000,000	N/A	7.75%"
SECTION 2.  This act is effective for taxable years beginning on or after January 1, 2015.