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S437 • 2025

Middle Class Momentum Act.

Middle Class Momentum Act.

Passed Legislature

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

Sponsor
Grafstein, Everitt, Bradley, Mohammed, Theodros, Waddell
Last action
2025-03-25
Official status
Ref To Com On Rules and Operations of the Senate
Effective date
Not listed

Plain English Breakdown

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

Middle Class Momentum Act.

Middle Class Momentum Act.

What This Bill Does

  • Middle Class Momentum Act.

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. 2025-03-25 Senate

    Ref To Com On Rules and Operations of the Senate

  2. 2025-03-25 Senate

    Passed 1st Reading

  3. 2025-03-24 Senate

    Filed

Official Summary Text

Middle Class Momentum Act.

Current Bill Text

Read the full stored bill text 
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2025
S 1
SENATE BILL 437

Short Title: Middle Class Momentum Act. (Public)
Sponsors: Senators Grafstein, Everitt, and Bradley (Primary Sponsors).
Referred to: Rules and Operations of the Senate
March 25, 2025
*S437-v-1*
A BILL TO BE ENTITLED 1
AN ACT TO INCREASE THE STANDARD DEDUCTION. 2
The General Assembly of North Carolina enacts: 3
SECTION 1. G.S. 105-153.5(a) reads as rewritten: 4
"(a) Deduction Amount. – In calculating North Carolina taxable income, a taxpayer may 5
deduct from adjusted gross income either the standard deduction amount provided in subdivision 6
(1) of this subsection or the itemized deduction amount provided in subdivision (2) of this 7
subsection. The deduction amounts are as follows: 8
(1) Standard deduction amo unt. – The standard deduction amount is zero for a 9
person who is not eligible for a standard deduction under section 63 of the 10
Code. For all other taxpayers, the standard deduction amount is equal to the 11
amount listed in the table below based on the taxpayer's filing status: 12
Filing Status Standard Deduction 13
Married, filing jointly/surviving spouse $25,500$26,000 14
Head of Household 19,12519,500 15
Single 12,75013,000 16
Married, filing separately 12,750.13,000. 17
…." 18
SECTION 2. This act is effective for taxable years beginning on or after January 1, 19
2026. 20