taxes

Alan Cleaver / Flickr

On Wednesday the North Carolina Senate passed a tax cut bill with a catchy name. This vote was never in doubt. The bill passed the House Tuesday in a party line vote. And the bill's name played a prominent role in that debate.

The North Carolina Legislative Building
Jmturner (Own work) [Public domain], via Wikimedia Commons

It's tax time in Raleigh. No, the General Assembly has not moved up your filing deadline, you've still got until April 15 to get your taxes done.

But this week Republican leaders in the North Carolina House and Senate did unveil their tax plans for this legislative session. Reporter Tom Bullock and Morning Edition host Marshall Terry discuss.

The state House of Representatives gave final approval Wednesday to a bill that would return local judgeship elections to partisan races. Meanwhile, a Senate committee advanced a bill to let voters decide this November whether to lower the constitutional cap on the state income tax to 5.5 percent.

N.C. Senate chamber
Government & Heritage Library, State Library of NC

North Carolina Senate leaders have unveiled their new plan to overhaul how the state distributes sales taxes and provides tax incentives to businesses. It gives a bit of ground from a March proposal that drew outcries from the governor, House lawmakers, the Charlotte Chamber, and city officials, but still contains the key elements of that earlier proposal. That includes a big hit to Mecklenburg County’s budget. 


American Airlines Group

American Airlines announced their first quarter profits Friday. And they were a record $932 million. It’s great news for the airline and their stockholders and certainly noted by North Carolina lawmakers. 

Another Gas Tax Plan In NC House

Apr 20, 2015
Jenn Durfey / Flickr

The top state House lawmaker on transportation issues has introduced a new bill to change how much customers pay in taxes at the pump. It’s at least the fourth proposal in as many months.


Charlotte’s City Council is looking at ways to fill a gaping hole in the budget. Last night, city manager Ron Carlee presented options from trims to tax raises.

City leaders have said the upcoming budget hole is worse than any single year of the recession. But instead of a flailing economy, it’s due to state tax changes and Mecklenburg County’s property tax revaluation redo.

North Carolina's gap in tax revenue compared to the year before keeps getting smaller. The Office of the State Controller reported Tuesday that tax revenues are still down though.

NC Senate Passing Gas Tax Raise As A Cut

Feb 11, 2015
Ben Bradford / WFAE

Republican sponsors called it a tax cut, but a bill awaiting one final vote in the North Carolina Senate would ultimately raise the tax. And, those same sponsors are counting on the revenue it will bring in.

Alan Cleaver / Flickr

A report from the state controller Wednesday shows North Carolina's tax revenues are down $477 million compared to the same period a year ago. 

The $477 million represents a 4 percent drop in tax revenue. That's actually an improvement from a few months ago, when the state was down 6 percent.

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