Sales Tax

Politics & Government
8:48 am
Wed October 1, 2014

New NC Laws On Coal Ash, Drones And Taxes Go Into Effect Today

Under a new NC law, an unmanned aircraft can’t be used for secret surveillance or to take pictures for mass circulation without the subjects’ permission.
Credit Chris Goldberg / Flickr/Creative Commons

A series of laws passed by the General Assembly this summer will go into effect today, affecting areas of construction, pollution and privacy. The variety in legislation reflects the broad reach of the state House and Senate this year.

Coal Ash

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Politics & Government
8:21 am
Tue August 5, 2014

Wake Commissioners Reject Sales Tax Increase To Raise Teacher Pay

Credit Chapel Hill-Carrboro City Schools

Wake commissioners voted Monday against a referendum that could have raised the county's sales tax by a quarter-cent to generate about $28 million to go toward public schools.

Some Wake Commissioners wanted to hold the vote because the General Assembly might limit their ability to raise sales taxes. Lawmakers want to cap the local sales tax rate to 2.5 percent. The measure would allow some of the large urban counties, including Wake, to bypass that requirement if they levy a quarter percent tax this November.

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Business & Economy
12:00 pm
Fri August 1, 2014

Back-To-School Sales Tax Holiday From Texas To Maryland, But Not In NC

All the states surrounding North Carolina have a Back-to-School Sales Tax Holiday.
Credit waaytv.com

This weekend would normally be North Carolina’s Back-to-School Sales Tax Holiday.  But that ended last year.  The state Retail Merchants Association is asking business owners to track sales anyway.

The state legislature’s argument for doing away with the Back-to-School Sales Tax Holiday was it cost North Carolina $13 million dollars in lost sales tax revenue.

But supporters of the popular sales tax holiday say consumers saved $13 million dollars.

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Politics & Government
11:48 am
Thu July 31, 2014

NC House Committee Slams 'Closing Fund' For Economic Development, Recommends Historic Tax Credits

A tobacco warehouse in Durham. The House finance committee recommended on Wednesday that North Carolina continue to offer tax breaks to owners who who rehabilitate historic industrial structures.
Credit Flickr

While General Assembly leaders are in the final stages of sending Gov. Pat McCrory a state budget, they're rushing to wrap up bills on taxes and economic development.

Republican and Democratic representatives grilled Commerce Secretary Sharon Decker on Wednesday, asking why the governor wants to create  a $20 million "closing fund" to bring business to North Carolina.

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Politics & Government
5:00 am
Wed July 30, 2014

Sales Tax, Firearms, Ag Complaints: NC House, Senate Still At Work

A sylo in Swannaona, NC
Credit Flickr

North Carolina House and Senate leaders say they've finalized details for public school teacher pay raises and the state's budget, but lawmakers are rushing to tackle other issues ranging from sales taxes to farm pollution.

The Senate has already given its approval for the North Carolina Farm Act, and the House is giving it a closer look in its agriculture committee yesterday and its finance committee today.

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Politics & Government
9:31 pm
Wed July 23, 2014

NC Senate Tentatively Approves Bill That Would Limit Wake County, Cap Sales Tax At 7.25%

The North Carolina senate has tentatively approved a plan to limit the sales tax to 7.25 percent in most of the state.
Credit Luz Bratcher via Flickr

North Carolina's sales tax would be capped at 7.25 percent in most of the state under a plan tentatively approved by the Senate on Wednesday afternoon.

The proposal would make it easier for most counties to raise sales taxes to the limit. It would also pull back the ability some counties currently have to implement raises above that limit.

The purpose is to even out sales taxes and create fairness between populous and not-so populous areas, bill supporters say.  

Sen. Jerry Tillman (R-Randolph), says many people in rural places don't spend their money there.

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Politics & Government
10:00 am
Wed July 23, 2014

Republican Sales Tax Proposal Would Keep Wake County From Light Rail Plans, Democrats Say

A Senate committee is recommending a plan to limit the sales tax to 7.25 percent in most of North Carolina.
Credit MIKI Yoshito via Flickr

A state Senate committee is recommending a plan that would curtail the ability of four of North Carolina's most populous counties, including Wake, to raise their local sales tax.

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Politics & Government
6:23 am
Tue July 22, 2014

NC Senate Committe Relaxes Restrictions On Proposed County Tax Legislation

A Senate committee is scheduled to vote Tuesday morning on a measure that would limit sales taxes to 7.5 percent.
Credit Walmart via Flickr

A North Carolina Senate committee is scheduled to vote Tuesday morning on a measure that would restrict how much counties can raise their sales taxes and what they can spend the revenue on.

The Senate finance committee approved last week a bill that would allow counties to raise their sales taxes by a half-percent -- and to use the new revenue for either schools or for transportation costs.

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Business & Economy
7:42 am
Fri November 1, 2013

NC’s Final Energy Star Sales Tax Holiday Begins Today

Gov. Pat McCrory signs a tax overhaul bill into law.
Credit Dave DeWitt

The state’ sales tax holiday on appliances that are certified as energy efficient starts Friday, runs through Sunday and will be discontinued after this year.

The annual moratorium, on appliances such as clothes washers, dehumidifiers and air conditioning units marked with an "Energy Star” label, cost the state an estimated $12.5 million in uncollected taxes since it was implemented in 2008, according to the state Department of Revenue.

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