Taxes

Republican leaders in the state legislature are considering measures that could end the estate tax for North Carolinians. The Revenue Laws Study Committee met today to discuss taxes in the state. The committee plans to hold a full discussion on repealing the estate tax at its next meeting. Republican Senator Robert Rucho is a co-chair of the committee.

A top aide to former Governor Mike Easley has been sentenced to a year in prison for failing to report a thirty thousand dollar profit on his taxes.

 U.S. District Court Judge Terence Boyle sentenced 39-year-old Ruffin Poole to 12 months in prison. He must also pay a thirty thousand dollar fine. Investigators found that Poole used his position as the former governor's aide to speed up the environmental permitting process at a new development in Carteret County.

North Carolina is facing one of the largest potential budget shortfalls in its history. Right now it amounts to 2.4 billion dollars, but that number could change. Two years ago, the Democratic-controlled legislature enacted temporary tax increases- including a one cent sales tax increase- to help balance the state budget. But Republican leaders who’re now in control say they don’t need the tax increase this time.

Future Of Earned Income Tax Credit In Doubt

Mar 2, 2011

Advocates for women's and children's issues gathered at the General Assembly yesterday. One bill they oppose is a change to the state's earned income tax credit.

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