HB 1073 North Carolina House · 2025-2026 Session

Fair Share for Public Schools Act.

This bill, known as the Fair Share for Public Schools Act, would introduce a new 7% income tax on individuals in North Carolina earning more than $1 million annually. The revenue generated from this tax, after deducting administrative costs, would be directed to the State Public School Fund to support local schools on a per-pupil basis. The law applies to taxable years beginning on or after January 1, 2026, and is designed to provide additional funding for public education without altering existing tax rates for lower-income earners.

Bill status in committee 1 of 4 stages cleared

Introduction

Apr 2026

Committee Review

Floor Vote

Governor

Introduced Apr 28, 2026 Last action Apr 29, 2026

Maddy AI version diff · 1 comparison

What changed between versions

Filed → Edition 1 · 2 edits

MINOR

The bill text was reformatted to include a complete list of sponsors and updated the filing date to April 29, 2026. These changes are administrative and do not alter the bill's substantive policy, tax rates, or applicability.

TECHNICAL

Added a full list of sponsors (Representatives Buansi, Prather, Baker, and R. Pierce) and a reference to the General Assembly website for the complete roster.

Updated the document date from April 28, 2026, to April 29, 2026, and changed the bill identifier from a draft number to a version number.

Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 29, 2026

Committee

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

lower

Apr 28, 2026

Introduced

Filed

lower

3 primary · 28 co-sponsors