(a) Credit. Anindividual who is allowed a federal child tax credit under section 24 of theCode for the taxable year and whose adjusted gross income (AGI), as calculatedunder the Code, is less than the amount listed below is allowed a creditagainst the tax imposed by this Part in an amount equal to one hundred dollars($100.00) for each dependent child for whom the individual is allowed thefederal credit for the taxable year:
FilingStatusAGI
Married,filing jointly $100,000
Headof Household 80,000
Single 60,000
Married,filing separately 50,000.
(b) Limitations. Anonresident or part‑year resident who claims the credit allowed by thissection shall reduce the amount of the credit by multiplying it by the fractioncalculated under G.S. 105‑134.5(b) or (c), as appropriate. The creditallowed under this section may not exceed the amount of tax imposed by thisPart for the taxable year reduced by the sum of all credits allowed, exceptpayments of tax made by or on behalf of the taxpayer.(1995, c. 42, s. 3; 1998‑98,s. 69; 2001‑424, s. 34.20(a); 2002‑126, s. 30B.2(a), (b); 2003‑284,s. 39B.2.)
(a) Credit. Anindividual who is allowed a federal child tax credit under section 24 of theCode for the taxable year and whose adjusted gross income (AGI), as calculatedunder the Code, is less than the amount listed below is allowed a creditagainst the tax imposed by this Part in an amount equal to one hundred dollars($100.00) for each dependent child for whom the individual is allowed thefederal credit for the taxable year:
FilingStatusAGI
Married,filing jointly $100,000
Headof Household 80,000
Single 60,000
Married,filing separately 50,000.
(b) Limitations. Anonresident or part‑year resident who claims the credit allowed by thissection shall reduce the amount of the credit by multiplying it by the fractioncalculated under G.S. 105‑134.5(b) or (c), as appropriate. The creditallowed under this section may not exceed the amount of tax imposed by thisPart for the taxable year reduced by the sum of all credits allowed, exceptpayments of tax made by or on behalf of the taxpayer.(1995, c. 42, s. 3; 1998‑98,s. 69; 2001‑424, s. 34.20(a); 2002‑126, s. 30B.2(a), (b); 2003‑284,s. 39B.2.)
(a) Credit. Anindividual who is allowed a federal child tax credit under section 24 of theCode for the taxable year and whose adjusted gross income (AGI), as calculatedunder the Code, is less than the amount listed below is allowed a creditagainst the tax imposed by this Part in an amount equal to one hundred dollars($100.00) for each dependent child for whom the individual is allowed thefederal credit for the taxable year:
FilingStatusAGI
Married,filing jointly $100,000
Headof Household 80,000
Single 60,000
Married,filing separately 50,000.
(b) Limitations. Anonresident or part‑year resident who claims the credit allowed by thissection shall reduce the amount of the credit by multiplying it by the fractioncalculated under G.S. 105‑134.5(b) or (c), as appropriate. The creditallowed under this section may not exceed the amount of tax imposed by thisPart for the taxable year reduced by the sum of all credits allowed, exceptpayments of tax made by or on behalf of the taxpayer.(1995, c. 42, s. 3; 1998‑98,s. 69; 2001‑424, s. 34.20(a); 2002‑126, s. 30B.2(a), (b); 2003‑284,s. 39B.2.)
