Budget and Tax Center Ten Years After The Great Recession, How Does NC Fare? By Laura Pellicer & Frank Stasio • Jan 11, 2018 Ten years after the Great Recession North Carolina’s economy is back on its feet by many measures. Rates of employment are up, and the hard-hit manufacturing sector has been superseded by a growing tech and professional services industry. North Carolina's Tax Code Brings Surprises This Tax Season By Leoneda Inge • Apr 15, 2015 www.irs.com If you haven’t filed your North Carolina taxes yet, you may be in for a few surprises. The state's tax code underwent major changes in 2013, but many 2014 tax filers are just noticing. For example, some taxpayers forgot North Carolina did away with its Earned Income Tax Credit.