SB 455 North Carolina Senate · 2025-2026 Session

Main Street Resilience Act.

SB 455, the Main Street Resilience Act, provides North Carolina small businesses with a new income tax deduction starting in 2026. It allows eligible small businesses to deduct up to $75,000 of their net business income from taxable income each year, with married couples filing jointly able to deduct up to $150,000 total. To qualify, a business must have fewer than 50 total employees (including related entities) and annual revenue under $5 million, excluding passive income. This deduction directly reduces tax liability for qualifying small businesses operating in North Carolina.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Mar 2025

Committee Review

Floor Vote

Governor

Introduced Mar 24, 2025 Last action Mar 25, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Filed → Edition 1 · 3 edits

MINOR

The bill underwent administrative formatting updates during its transition from filing to first edition. The primary changes involve updating the bill number reference from a draft identifier (DRS35182-NIf-65) to the official bill number (S455-v-1) and adding the Rules and Operations of the Senate as the committee referral with a specific date. These are procedural changes that reflect the bill's progression through the legislative process rather than substantive policy modifications.

TECHNICAL

Added official committee referral to Rules and Operations of the Senate with date March 25, 2025

Removed draft bill identifier DRS35182-NIf-65

Updated bill version reference from draft identifier to official S455-v-1 designation

Floor votes

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 25, 2025

Committee

Ref To Com On Rules and Operations of the Senate

upper

Mar 24, 2025

Introduced

Filed

upper

2 primary · 3 co-sponsors