Tax Reform

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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Politics & Government
5:42 pm
Tue July 2, 2013

Senate Tentatively Passes Tax Plan

Credit Dave DeWitt

Lawmakers in the state Senate have tentatively approved a bill that would cut personal income tax rates and phase out the corporate income tax.

It would set the personal income tax rate at 5.75 percent, and it would cap the gas tax rate for two years.

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Politics & Government
3:41 pm
Thu June 20, 2013

State Lawmakers Nearing Consensus On Tax Reform

Credit NC General Assembly

State lawmakers say they're nearing consensus on tax reform. Speaker of the House Thom Tillis says the House and the Senate are close to an agreement.

Potential tax code changes could change the level of funding state budget writers would be able to spend. But there's not much time left before the fiscal year ends for lawmakers to agree on a state budget plan.

Tillis says legislators plan to take that up very soon.

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Politics & Government
7:16 am
Wed June 19, 2013

Senate Lawmakers Postpone Final Vote On Tax Plan

Senate President Phil Berger
Credit Dave DeWitt

State legislators have delayed a final vote on a bill that seeks to change North Carolina's tax code.

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The State of Things
11:46 am
Fri June 14, 2013

Senate Tax Reform Takes A Turn

The North Carolina Legislative Building
Credit Dave Crosby / flickr

Panel discussion on Senate tax reform

Rucho resigned his co-chairmanship of the finance committee in protest of Berger's plan, which passed the Senate Thursday.

Regardless of what ultimately passes, Jessica Jones, WUNC Capitol Bureau Chief, said on the State of Things that the implications could be far reaching.

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Politics & Government
4:49 pm
Thu June 13, 2013

Rucho Resigns From Senate Committee

Senator Bob Rucho
Credit NC General Assembly

The co-chair of the Senate Finance Committee has resigned from that group to protest changes to his legislative body's tax reform plan.

Senator Bob Rucho submitted his resignation letter to Senate President Phil Berger earlier this week. Rucho was the main architect of a Senate tax reform proposal that would have expanded the sales tax while lowering personal and corporate income tax rates.

But Berger put forth an alternate plan that would repeal corporate taxes without expanding the sales tax base as extensively. Rucho says he was disappointed by the move.

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The State of Things
12:27 pm
Tue June 11, 2013

What Will Happen To North Carolina's Tax Code?

Photo of the State Senate Chamber
Credit Dave DeWitt

Host Frank Stasio talks to a panel of experts about possible changes to the tax code

Benjamin Franklin famously said, "In this world nothing can be said to be certain, except death and taxes."  But in the North Carolina legislature, three competing plans seek to reform the tax code, and the future of these plans is all but certain.  Two bills are waiting in the Senate Finance Committee. One bill passed the House yesterday and will move to the Senate.

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Politics & Government
4:48 pm
Mon June 10, 2013

Lawmakers Continue To Debate Three Tax Reform Plans

N.C. General Assembly, State Legislature
Credit Dave DeWitt

  The General Assembly is in its last few weeks of budget discussions, with tax overhauls in mind.  Three proposals are still on the table.  All of them cut the corporate and individual income tax rates while expanding the sales tax to cover more services. 

Alexandra Sirota of the liberal North Carolina Justice Center says that disproportionately benefits the wealthy.

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The State of Things
11:27 am
Fri June 7, 2013

House Gets Ready To Vote On Tax Reform

North Carolina Legislature
Credit W Edward Callis III

A panel of experts join Host Frank Stasio to discuss news from the NC General Assembly

A sweeping reform of the tax code in North Carolina is poised to move to the Senate. The plan would reduce personal and corporate income tax while expanding the reach of sales tax.

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Politics & Government
5:07 pm
Thu May 30, 2013

Lawmakers Offer Three Competing Tax Reform Plans

State Senate chamber
Credit Dave DeWitt

State lawmakers have formally laid out three competing plans to reform North Carolina's tax code.

They've filed three bills that would all lower sales and income tax rates. The measures would all expand the sales tax base by broadening it to include more services. But each plan features different details.

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