(a) (Effective for taxable years beginning on or after January 1, 2022) Tax. – A tax is imposed for each taxable year on the North Carolina taxable income of every individual. The tax shall be levied, collected, and paid annually. The tax is a percentage of the taxpayer’s North Carolina taxable income computed as follows:

Taxable Years Beginning Tax

In 2022 4.99%

In 2023 4.75%

In 2024 4.6%

In 2025 4.5%

In 2026 4.25%

After 2026 3.99%.

(b) Withholding Tables. – The Secretary may provide tables that compute the amount of tax due for a taxable year under this Part. The tables do not apply to an individual who files a return under section 443(a)(1) of the Code for a period of less than 12 months due to a change in the individual’s annual accounting period or to an estate or trust. (2013-316, s. 1.1(d); 2013-316, s. 1.2(a); 2015-241, s. 32.16(c); 2017-57, s. 38.1(a); 2021-180, s. 42.1(a).)