SB 116, the “Get North Carolina Back to Work Act,” would make unemployment benefits non-taxable income and withdraw our state from the Federal Pandemic Unemployment Compensation Agreement (FPUC.)
“North Carolina businesses have reached their tipping point. While workers are being incentivized by the federal government to stay home, many business owners have cited the additional $300 per-week federal unemployment benefits as a prime reason why they can’t hire,” said Speaker Tim Moore.
He continued, “The bottom line is if we want to truly get our economy back on track and thriving again, we cannot continue punishing businesses in the name of helping individuals. We need a more holistic approach.”
The House will vote on SB 116 today.