Gov. Pat McCrory ran on a slew of promises when campaigning back in the fall, one of which was to reform the tax code in North Carolina, something that the N.C. General Assembly has been looking to do for years. His recent signing of House Bill 82, may be interpreted as his way of doing that. Each year N.C. updates its tax code to conform with federal changes. House Bill 82 was designed to update statutory references to the Internal Revenue Code (IRS), incorporating and conforming to many provisions contained in the American Taxpayer Relief Act (ATRA) of 2012.
“The reason for this bill is to coincide with federal regulations," said Sen. Jim Davis who voted in favor of the bill. “We want to make sure that people who don't pay in, don't get earned income credit. There's a lot of fraud that goes along with this.”