Tax Reform

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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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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Business & Economy
10:00 am
Fri July 26, 2013

How Good Is North Carolina’s Business Climate?

Small businesses in Brightleaf Square shopping center.
Credit Laura Candler

It depends on what you consider good for business. If you head to the North Carolina Department of Commerce’s website, you can see many of the positive rankings North Carolina has received from business media outlets: No. 1 Best Business Climate from Site Selection in 2012, No. 4 Best State for Business by Forbes in 2012, No. 4 America’s Top States for Business by CNBC in 2012.  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.

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The State of Things
10:55 am
Fri July 19, 2013

Tax Reform, Budget March Through General Assembly

North Carolina Legislature passes a tax reform bill.
Credit W Edward Callis III

Experts discuss the newly passed North Carolina Tax bill reform

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. A budget agreement is expected to be reached today with details emerging over the weekend.

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Business & Economy
5:00 am
Fri July 19, 2013

Sales Tax Holiday On The Chopping Block

A provision in the bill would eliminate the annual sales tax holiday.
Credit Laura Candler

North Carolina's annual sales tax holiday will end if a bill to overhaul the tax code becomes law.  A provision in the proposal eliminates the sales tax-free weekend that usually happens in early August, starting next year.

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The State of Things
12:18 pm
Thu July 18, 2013

Lawmakers Reach Agreement on Tax Reform

North Carolina legislative building
Credit Wikimedia Commons

Host Frank Stasio talks to WUNC Capitol Bureau Chief Jessica Jones about tax reform.

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.

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Politics & Government
5:54 pm
Wed July 17, 2013

State Lawmakers Pass Tax Reform Bill

Credit Dave DeWitt

State lawmakers have formally approved a tax reform package that would lower the personal and corporate income tax rates and end the estate tax.

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.

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Politics & Government
7:29 am
Wed July 17, 2013

GOP Faithful Rally To Back NC's Direction

Credit W Edward Callis III

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.

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Politics & Government
4:39 pm
Tue July 16, 2013

Tax Plan Tentatively Passes House and Senate

Credit Wikimedia Commons

A tax plan agreed upon by legislative leaders and the governor has tentatively passed the state Senate, just hours after tentatively passing the House.

The plan would reduce personal and corporate income tax rates, but, unlike an earlier proposal, it does not significantly broaden the sales tax base.

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Politics & Government
7:18 am
Tue July 16, 2013

House Leaders Agree On Tax Plan

Governor McCrory, Speaker of the House Thom Tillis, and Senate President Phil Berger unveil their tax proposal.
Credit Jessica Jones

Governor Pat McCrory and leaders of the state House and Senate have come to a long-awaited agreement on what they say is fiscally responsible tax reform.

The plan would replace the state’s tiered personal income tax rate with a flat 5.8 percent in 2014, and the corporate tax rate would fall as well. The sales tax would be broadened only slightly.

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