Tax Reform http://wunc.org en State Lawmakers Tentatively Approve Bill Ending Privilege Taxes http://wunc.org/post/state-lawmakers-tentatively-approve-bill-ending-privilege-taxes <p></p><p></p><p>State lawmakers in the Senate have tentatively approved a far-ranging tax bill that would end the ability of municipalities to levy special taxes on businesses.</p><p>The Senate version of the bill would end what's called the privilege tax. It brings in $62 million a year to municipalities across the state.</p><p>Business leaders have long complained that the taxes vary widely and are not fairly levied. Republican Senator Tommy Tucker, who's a small business owner, is in favor of the bill.</p> Wed, 28 May 2014 21:16:39 +0000 Jessica Jones 36322 at http://wunc.org State Lawmakers Tentatively Approve Bill Ending Privilege Taxes NC Governor Lauds State's Tax Overhaul To 'Build North Carolina's Future' http://wunc.org/post/nc-governor-lauds-states-tax-overhaul-build-north-carolinas-future <p>Governor Pat McCrory held a press conference today to celebrate a new report suggesting the state's economy is benefiting from tax cuts enacted last year.</p><p>The conservative American Legislative Exchange Council's "Rich States, Poor States" report ranks North Carolina sixth in the nation for its economic outlook.</p> Tue, 15 Apr 2014 21:20:11 +0000 Jessica Jones 33868 at http://wunc.org NC Governor Lauds State's Tax Overhaul To 'Build North Carolina's Future' Sales Tax Jumps For Manufactured Homes http://wunc.org/post/sales-tax-jumps-manufactured-homes <p>Mobile and modular homes have traditionally been a top choice for lower-income home buyers.&nbsp; But the New Year has brought higher taxes for these properties.</p><p>The sales tax will jump about two-fold for those buying a modular home.&nbsp;&nbsp; Sonny Bannister is president of Royal Homes in Raleigh.</p><p>"We've been aware of the pending increase for about 90 days and we've been warning our customers of the potential of an increase since that time," said Bannister.</p> Thu, 02 Jan 2014 14:22:34 +0000 Leoneda Inge 28252 at http://wunc.org Sales Tax Jumps For Manufactured Homes How Good Is North Carolina’s Business Climate? http://wunc.org/post/how-good-north-carolina-s-business-climate <p>It depends on what you consider good for business. If you head to the <a href="http://www.thrivenc.com/whync/accolades">North Carolina Department of Commerce’s website</a>, you can see many of the positive rankings North Carolina has received from business media outlets: <em>No. 1 Best Business Climate</em> from Site Selection in 2012, <em>No. 4 Best State for Business </em>by Forbes in 2012, <em>No. 4 America’s Top States for Business</em> by CNBC in 2012. &nbsp;Most of the organizations doing the ranking look at a similar group of factors, although they each give those factors different weight in their decisions. Fri, 26 Jul 2013 14:00:30 +0000 Laura Candler 19662 at http://wunc.org How Good Is North Carolina’s Business Climate? Tax Reform, Budget March Through General Assembly http://wunc.org/post/tax-reform-budget-march-through-general-assembly <p></p><p><span style="line-height: 1.5;">This week the General Assembly passed a tax reform bill that sets the stage for the state’s budget. The bill, while sweeping, wasn’t as broad as GOP lawmakers originally wanted.&nbsp;</span><span style="line-height: 1.5;">A budget agreement is expected to be reached today with details emerging over the weekend.</span></p><p> Fri, 19 Jul 2013 14:55:45 +0000 Alex Granados & Frank Stasio 19256 at http://wunc.org Tax Reform, Budget March Through General Assembly Sales Tax Holiday On The Chopping Block http://wunc.org/post/sales-tax-holiday-chopping-block <p>North Carolina's annual sales tax holiday will end if a bill to overhaul the tax code becomes law.&nbsp; A provision in the proposal eliminates the sales tax-free weekend that usually happens in early August, starting next year. Fri, 19 Jul 2013 09:00:00 +0000 Will Michaels 19193 at http://wunc.org Sales Tax Holiday On The Chopping Block Lawmakers Reach Agreement on Tax Reform http://wunc.org/post/lawmakers-reach-agreement-tax-reform <p>The North Carolina General Assembly finally pushed through its tax reform bill, though it’s not nearly as bold as originally proposed. Both personal and corporate income taxes will go down. Thu, 18 Jul 2013 16:18:40 +0000 Alex Granados & Frank Stasio 19191 at http://wunc.org Lawmakers Reach Agreement on Tax Reform State Lawmakers Pass Tax Reform Bill http://wunc.org/post/state-lawmakers-pass-tax-reform-bill <p>State lawmakers have formally approved a tax reform package that would lower the personal and corporate income tax rates and end the estate tax.</p><p>Republican leaders and Governor McCrory have hailed the bill as one that will help bring more jobs to the state. Democrats say the tax cuts will cause great damage to education and health care.</p> Wed, 17 Jul 2013 21:54:04 +0000 Jessica Jones 19149 at http://wunc.org State Lawmakers Pass Tax Reform Bill GOP Faithful Rally To Back NC's Direction http://wunc.org/post/gop-faithful-rally-back-ncs-direction <p></p><p>RALEIGH, N.C. - About 200 supporters expressed their appreciation for North Carolina Republicans efforts to cut taxes, require identification before voting and make getting abortions more difficult. Wed, 17 Jul 2013 11:29:13 +0000 Associated Press 19105 at http://wunc.org GOP Faithful Rally To Back NC's Direction Tax Plan Tentatively Passes House and Senate http://wunc.org/post/tax-plan-tentatively-passes-house-and-senate <p>A tax plan agreed upon by legislative leaders and the governor has tentatively passed the state Senate, just hours after tentatively passing the House.</p><p>The plan would reduce personal and corporate income tax rates, but, unlike an earlier proposal, it does not significantly broaden the sales tax base.</p> Tue, 16 Jul 2013 20:39:00 +0000 Jessica Jones 19068 at http://wunc.org Tax Plan Tentatively Passes House and Senate