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H712 • 2025

Universal Income/Pay-It-Forward Fund.

Universal Income/Pay-It-Forward Fund.

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Brockman, Ager, Baker, Cervania, Dew, Harrison, Hawkins, Majeed, R. Pierce
Last action
2025-04-03
Official status
Ref To Com On Rules, Calendar, and Operations of the House
Effective date
2025-07-01

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Universal Income/Pay-It-Forward Fund.

Universal Income/Pay-It-Forward Fund.

What This Bill Does

  • Universal Income/Pay-It-Forward Fund.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2025-04-03 House

    Ref To Com On Rules, Calendar, and Operations of the House

  2. 2025-04-03 House

    Passed 1st Reading

  3. 2025-04-02 House

    Filed

Official Summary Text

Universal Income/Pay-It-Forward Fund.

Current Bill Text

Read the full stored bill text 
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2025
H 1
HOUSE BILL 712

Short Title: Universal Income/Pay-It-Forward Fund. (Public)
Sponsors: Representative Brockman.
For a complete list of sponsors, refer to the North Carolina General Assembly web site.
Referred to: Rules, Calendar, and Operations of the House
April 3, 2025
*H712-v-1*
A BILL TO BE ENTITLED 1
AN ACT ESTABLISHING THE NORTH CAROLINA U NIVERSAL INCOME PROG RAM 2
IN THE DEPARTMENT OF COMMERCE. 3
The General Assembly of North Carolina enacts: 4
SECTION 1. Article 10 of Chapter 143B of the General Statutes is amended by 5
adding a new section to read: 6
"§ 143B-431.4. Universal Income Program established. 7
(a) The NC Universal Income Program (NC UIP) is established in the Department of 8
Commerce. The NCUIP shall incentivize individuals having difficulty finding good permanent 9
employment to volunteer in the community and to receive retraining. The Pay-It-Forward Fund 10
(Fund) is established in the Department of Commerce to support the NC UIP. The Department's 11
development of program activities and funding options shall focus on public-private partnerships, 12
tax incentives, and other methods appropriate to obtain the resources required to fund the NCUIP 13
and to provide valuable volunteer opportunities for the community and employment retraining 14
to participants. The Department of Commerce shall seek funding for the Fund from private 15
sources and from the local, State, and federal levels of government . The Department of 16
Commerce shall adopt rules to implement this section. 17
(b) In consultation with the North Carolina Department of Revenue, the Department of 18
Commerce shall implement a repayment program for NC UIP graduates to pay an extra one 19
percent (1%) in State individual income taxes, with that revenue going into the Pay -It-Forward 20
Fund to provide the universal income to others in the program. 21
(c) By January 1, 2026, the Department of Commerce shall establish and administer the 22
NCUIP to provide a monthly income of up to three thousand dollars ($3,000) per month, for up 23
to five years, to eligible individuals who are receiving job training , performing volunteer work, 24
or both, in accordance with the requirements of the program. 25
(d) By April 1, 2026, and then annually thereafter, the Secretary of the Department of 26
Commerce shall report to the General Assembly on the implementation of this section." 27
SECTION 2. This act becomes effective July 1, 2025. 28