Taxes

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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Politics & Government
4:03 pm
Wed August 21, 2013

Wake GOP Opposes Local School And Transportation Bonds

The Wake County GOP says it's opposed to a $75 million Raleigh transportation bond and a $810 million Wake Schools bond going to the ballot in October.
Credit Dave DeWitt

The Wake County Republican Party is opposing bond referendums for Raleigh transportation and public school construction projects. 

Voters will decide in October whether to approve $75 million in improvements to sidewalks and roads as well as traffic calming projects in Raleigh.  The Wake GOP executive committee says it voted to oppose that bond due to the city's accumulating debt. 

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Business & Economy
7:45 am
Fri July 26, 2013

Will NC's New Business Tax Rate Equal New Business?

Gov. McCrory was on hand when Lenovo officially opened its first US manufacturing plant in Whitsett.
Credit State of North Carolina

Leoneda Inge reports on NC's new corporate tax rate.

North Carolina Gov. Pat McCrory signed major tax reform legislation into law this week, keeping one of his most ardent campaign promises. 

The governor and his conservative Republican base have consistently said North Carolina would be better able to attract business to the state with lower taxes.

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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
10:07 am
Mon July 1, 2013

DOT Combines Vehicle Tag And Tax Bill

Credit NC DOT

Car, truck and motorcycle owners across the state will notice changes to how they pay vehicle property taxes and registration fees, starting this month.  State transportation officials say the two fees will now be billed and paid at the same time

Steve Abbot, who works for the North Carolina DOT, says the new system is in effect today for vehicle owners who go online.

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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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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
5:05 pm
Thu June 6, 2013

House Lawmakers Pass Tax Reform Plan In Committee

Credit Jessica Jones

House legislators have passed a tax reform plan in a committee hearing that would establish a flat personal income tax.

House Bill 998 is one of three competing proposals to reform North Carolina's tax code. Republican representative David Lewis is the bill's main sponsor.

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