Last night the N.C. House approved by a 72-47 margin its second vote on the House budget plan. The budget bill is expected to receive its third and final vote of approval later ... Keep Reading
taxes
Tax Cut Package May Be Coming Next Week
The state House is expected to move its budget over to the Senate this week. At the same time there is still no tax cut package to explain the drop in revenue in the House budget ... Keep Reading
The Proposal to Repeal an Energy Bill From 2007 Would, In Effect, Raise Taxes
Republican Representative George Cleveland introduced HB431, which would repeal SB3 from the 2007 legisaltive session. That bill required power companies to buy renewable energy ... Keep Reading
A cap on the gas tax and eliminating gun permits among new legislative proposals
Among the new bills introduced in the legislature this week is a cap on the motor fuel tax (HB399). The flat tax rate on a gallon of gas is 17.5 cents. The variable wholesale rate ... Keep Reading
State controller’s office says ESC funds would not be used for tax refunds at this time
Sherry Johnson in the State Controller's Office says controller David McCoy has decided not to touch the Employment Security Commission funds to pay tax refunds. She says he wants ... Keep Reading
Senate override’s veto of Balanced Budget Act and House now taking up HB2 veto
Republicans complained Governor Bev Perdue did not have the legal authority to borrow money from the Employment Security Commission funds to pay tax refunds. They were afraid if ... Keep Reading
N&O Article Gets it Wrong on the EITC
This N&O article offers an appeal to preserve the refundable portion of North Carolina's Earned Income Tax Credit. HB 93 and SB 117 both propose to eliminate the refundable ... Keep Reading
More Details on Perdue’s Budget
The Civitas Institute now has a more thorough rundown of Gov. Perdue's budget. Check it out here. ... Keep Reading
Gov. Perdue Delivers State of the State Address
Governor Perdue reiterated her mantra of jobs and education this evening in her annual State of the State address, making various claims – which appeared to be at times ... Keep Reading
Tax credit proposed for education expenses outside of public schools
State Representative Paul Stam and several other Republicans have introduced HB41 to give families a tax credit if they want to put their children in charter schools or private ... Keep Reading
