S1080 - Lower Taxes for All NC. (SL 2026-4)

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Session Year 2024

Overview: S.L. 2026-4 (Senate Bill 1080) submits to the voters of North Carolina the question of whether to amend the State's Constitution to reduce the maximum allowable tax rate on incomes from 7% to 3.5%. The ballot question will be considered at the statewide general election on November 3, 2026, and the ballot question will read:

" Constitutional amendment to keep the State income tax rate from

being raised higher than three and one‑half percent (3.5%)."

This act became effective May 21, 2026. If approved by a majority of the voters, the amendment will limit the maximum allowable tax rate on both personal and corporate incomes to 3.5% for taxable years beginning on or after January 1, 2027.

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