NC Tax Laws

Politics & Government
5:20 pm
Tue April 15, 2014

NC Governor Lauds State's Tax Overhaul To 'Build North Carolina's Future'

Credit NC Governor's Office

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.

The conservative American Legislative Exchange Council's "Rich States, Poor States" report ranks North Carolina sixth in the nation for its economic outlook.

McCrory says lowering corporate income taxes in particular has encouraged companies to move to the state.

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The State of Things
12:13 pm
Tue April 15, 2014

Tax Day Spurs Conversations Around The State

Tax Day 2014

Triangle Business Journal Reporter Jason deBruyn talks about changes to North Carolina taxes

  

While tax day can evoke feelings of anxiety and dread across the country, some North Carolina groups are using today’s deadline to start conversations about tax reform and filing issues in the state.

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Politics & Government
10:47 pm
Tue January 14, 2014

NC Grocery Store Owners Look For Reprieve From Local Tax

Mack MckLamb, president of Dunn-based grocery chain Carlie C’s, told lawmakers on Monday the Local Privilege License Tax unpredictable across the state. 'We operate sixteen stores in 12 different cities that have 12 different methods to do it,' he said.
Credit Charlie C's

The legislative committee that reviews North Carolina’s tax laws debated on Monday a tax that cities and towns levy on businesses to allow them to operate within their municipality limits.

The tax, which state lawmakers have tried to change at least five times in the last 10 years, allows local governments to charge companies a flat rate or a percentage of their revenues. It includes retailers but exempts businesses such as insurance and law offices.

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Politics & Government
9:22 am
Thu January 2, 2014

Sales Tax Jumps For Manufactured Homes

The T-Ranch manufactured home from Royal Homes starts in the low $100s.
Credit Royal Homes in Raleigh

Mobile and modular homes have traditionally been a top choice for lower-income home buyers.  But the New Year has brought higher taxes for these properties.

The sales tax will jump about two-fold for those buying a modular home.   Sonny Bannister is president of Royal Homes in Raleigh.

"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.

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