Income tax cut

Local News
10:04 am
Thu July 31, 2014

NC Budget Details Finally Made Public

Details on how state lawmakers will pay for their proposed $21.3 billion budget were finally made public late Wednesday night.  


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Local News
4:10 pm
Fri July 25, 2014

Cut To State Income Tax Costing Far More Than Expected

Chart showing the updated cost to North Carolina due to last year's income tax rate change.
Credit Fiscal Research Division

Last year’s cut of the personal income tax rate is costing North Carolina far more than originally projected.  This according to new figures released by the General Assembly’s Fiscal Research Division.

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Local News
3:09 pm
Fri June 7, 2013

N.C. House Moves First On Tax Overhaul

Credit Alan Cleaver / Flickr

The North Carolina House tentatively passed its version of a tax overhaul Friday. The Republican bill is one of three major tax overhauls the General Assembly is considering. 

Republicans and some Democrats in the state legislature agree North Carolina needs to do something about its tax code. The current one is based off a model from the Great Depression, and it includes the highest income tax rates in the Southeast.

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