A BILL TO BE ENTITLED
AN ACT to Reduce the income tax Rate for the State of North carolina.
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. The tax is a percentage of the taxpayer's North Carolina taxable income computed as follows:
Taxable Years Beginning	Tax
In 2022	4.99%
In 2023	4.5%
In 2024	3.99%
In 2025	3.49%
In 2026	2.99%
After 2026	2.49%."
SECTION 2.  This act is effective for taxable years beginning on or after January 1, 2023.