North Carolina 2025-2026 Regular Session

North Carolina House Bill H712 Latest Draft

Bill / Amended Version Filed 04/03/2025

                            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 
"ยง 143B-431.4.  Universal Income Program established. 7 
(a) The NC Universal Income Program (NCUIP) 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 NCUIP. 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 NCUIP 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