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334 Results found for corporate income tax

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North Carolina has climbed to rank 9th in the nation for its tax climate, according to the latest study conducted by the nonprofit Tax Foundation.
North Carolina has climbed to rank 9th in the nation for its tax climate, according to the latest study conducted by the nonprofit Tax Foundation.
 
Discover the real cost of living in North Carolina for renters. Explore housing expenses, utilities, and budgeting tips.
Discover the real cost of living in North Carolina for renters. Explore housing expenses, utilities, and budgeting tips.
 
In a Tuesday evening press conference at the N.C. General Assembly, Senate Leader Phil Berger, R-Rockingham, and House Speaker Tim Moore, R-Cleveland, announced an agreement to abandon, for now, efforts to legalize casinos through the state budget.
In a Tuesday evening press conference at the N.C. General Assembly, Senate Leader Phil Berger, R-Rockingham, and House Speaker Tim Moore, R-Cleveland, announced an agreement to abandon, for now, efforts to legalize casinos through the state budget.
 
The state Revenue Department has filed a brief with North Carolina's highest court defending its decision to block a tax exemption related to equipment purchased to make asphalt.
The state Revenue Department has filed a brief with North Carolina's highest court defending its decision to block a tax exemption related to equipment purchased to make asphalt.
 
Once again we are midway through July without a state budget that was supposed to begin July 1. Why haven’t they passed a budget on time? Not trying to be snarky, the answer is because they can. The old budget remains in effect until a new one is approved.
Once again we are midway through July without a state budget that was supposed to begin July 1. Why haven’t they passed a budget on time? Not trying to be snarky, the answer is because they can. The old budget remains in effect until a new one is approved.
 
The North Carolina House, Senate, and governor have each released their budget proposals for the upcoming biennium
 
Former Vice President Mike Pence has officially launched his 2024 presidential campaign, just days after officially filing to run.
Former Vice President Mike Pence has officially launched his 2024 presidential campaign, just days after officially filing to run.
 
North Carolina Secretary of State Elaine Marshall announced during this month’s small business week that new business filings are still at near-record levels in North Carolina.
North Carolina Secretary of State Elaine Marshall announced during this month’s small business week that new business filings are still at near-record levels in North Carolina.
 
It’s budget season in the Tar Heel State. We have high hopes that this biennium budget can allow for substantial benefits to North Carolinians.
It’s budget season in the Tar Heel State. We have high hopes that this biennium budget can allow for substantial benefits to North Carolinians.
 
In 2013, the new Republican-led General Assembly took steps to foster economic growth by lowering the state’s corporate income tax rate. The corporate income tax is a burden that ultimately falls on workers.
In 2013, the new Republican-led General Assembly took steps to foster economic growth by lowering the state’s corporate income tax rate. The corporate income tax is a burden that ultimately falls on workers.
 
The American Legislative Exchange Council (ALEC), along with Dr. Arthur B. Laffer, just released their 2023 annual report of Rich States, Poor States.
The American Legislative Exchange Council (ALEC), along with Dr. Arthur B. Laffer, just released their 2023 annual report of Rich States, Poor States.
 
The new proposed tax cut schedule would lower the personal income tax rate to 2.49% after 2026.
The new proposed tax cut schedule would lower the personal income tax rate to 2.49% after 2026.
 
It's about money: $4.6 billion in cash. But it's also about the role this company should play in our state.
It's about money: $4.6 billion in cash. But it's also about the role this company should play in our state.
 
The progressive left often argues that the rich do not pay enough in taxes. The tax code is not progressive enough, they say. But, the tax code is much more progressive than they would like to admit. See the below graph from The Heritage Foundation.
The progressive left often argues that the rich do not pay enough in taxes. The tax code is not progressive enough, they say. But, the tax code is much more progressive than they would like to admit. See the below graph from The Heritage Foundation.
 
The North Carolina House released its biennium budget proposal this week as scheduled, and the North Carolina Senate is scheduled to release its version next before the two chambers meet to establish a conference budget
The North Carolina House released its biennium budget proposal this week as scheduled, and the North Carolina Senate is scheduled to release its version next before the two chambers meet to establish a conference budget
 
Democrat Gov. Roy Cooper unveiled what he called his “First in Opportunity” budget at a press conference Wednesday, proposing to spend $32.95 billion in the first year of the biennium and $34.23 billion in the second year.
Democrat Gov. Roy Cooper unveiled what he called his “First in Opportunity” budget at a press conference Wednesday, proposing to spend $32.95 billion in the first year of the biennium and $34.23 billion in the second year.
 
Governor Cooper released his recommended budget for the biennium today. The General Assembly has already begun budget writing, and the Governor’s recommendations, in this case, are purely political.
Governor Cooper released his recommended budget for the biennium today. The General Assembly has already begun budget writing, and the Governor’s recommendations, in this case, are purely political.
 
North Carolina revenue forecasts have surpassed $33 billion annually, and the state will have roughly $3.25 billion in excess for Fiscal Year 2022-23, or 10.7% more than had been previously budgeted.
North Carolina revenue forecasts have surpassed $33 billion annually, and the state will have roughly $3.25 billion in excess for Fiscal Year 2022-23, or 10.7% more than had been previously budgeted.
 
North Carolina lawmakers cut taxes in the last biennium budget, lowering the dollar amount workers owe to the state.
North Carolina lawmakers cut taxes in the last biennium budget, lowering the dollar amount workers owe to the state.
 
“It is important to recognize that some of this growth in business formation is due to necessity entrepreneurship as more workers were displaced during the pandemic,” said Greg Brown
“It is important to recognize that some of this growth in business formation is due to necessity entrepreneurship as more workers were displaced during the pandemic,” said Greg Brown
 
Though the national media often fails to give them attention, state tax reforms are underway across the country.
Though the national media often fails to give them attention, state tax reforms are underway across the country.
 
The 4th U.S. Circuit Court of Appeals has rejected a lawsuit to restore North Carolina's discontinued license plate with a Confederate battle flag.
The 4th U.S. Circuit Court of Appeals has rejected a lawsuit to restore North Carolina's discontinued license plate with a Confederate battle flag.
 
The 2021 long session brought North Carolina a “First in Freedom” budget, with pro-growth tax cuts which will continue to reward taxpayers in 2023 and beyond.
The 2021 long session brought North Carolina a “First in Freedom” budget, with pro-growth tax cuts which will continue to reward taxpayers in 2023 and beyond.
 
The states with the most severe business taxes in the new year are primarily located in the Northeast, while those with environments most welcoming to companies and entrepreneurs are generally in the Great Plains and the South.
The states with the most severe business taxes in the new year are primarily located in the Northeast, while those with environments most welcoming to companies and entrepreneurs are generally in the Great Plains and the South.
 
North Carolina places 10th in the nation for its tax environment, according to new rankings from the Washington, D.C.-based Tax Foundation.
North Carolina places 10th in the nation for its tax environment, according to new rankings from the Washington, D.C.-based Tax Foundation.
 
Twitter CEO Elon Musk is open to launching a second headquarters for the social media platform in Texas.
Twitter CEO Elon Musk is open to launching a second headquarters for the social media platform in Texas.
 
One analyst predicted on Monday that Elon Musk could eventually move Twitter to Austin, Texas, from San Francisco, California, alongside his other enterprises.
One analyst predicted on Monday that Elon Musk could eventually move Twitter to Austin, Texas, from San Francisco, California, alongside his other enterprises.
 
And interstate compacts may be one way to protect business
 
The nonprofit Tax Foundation has released its State Business Tax Climate Index each year since 2003, distilling complicated tax environments into a simple and easy-to-understand ranking. The index is focused on how states generate revenue, not how much.
The nonprofit Tax Foundation has released its State Business Tax Climate Index each year since 2003, distilling complicated tax environments into a simple and easy-to-understand ranking. The index is focused on how states generate revenue, not how much.
 
Diverting scarce resources to failed projects represents waste in our economy
 
Another free-market think tank has ranked Democratic North Carolina Gov. Roy Cooper positively with regard to fiscal policy, with the Cato Institute’s new governor’s rankings putting Cooper 6th overall. Cooper was the only Democrat in the top 10 and received a “B” grade overall.
Another free-market think tank has ranked Democratic North Carolina Gov. Roy Cooper positively with regard to fiscal policy, with the Cato Institute’s new governor’s rankings putting Cooper 6th overall. Cooper was the only Democrat in the top 10 and received a “B” grade overall.
 
The above question was posed recently by Cato Institute fiscal policy expert Chris Edwards.
The above question was posed recently by Cato Institute fiscal policy expert Chris Edwards.
 
Tyson Foods announced last week that all employees in the Chicago area would be relocated, rendering the meat and poultry company one of multiple businesses to pull operations from the Windy City in recent months.
Tyson Foods announced last week that all employees in the Chicago area would be relocated, rendering the meat and poultry company one of multiple businesses to pull operations from the Windy City in recent months.
 
State Policy Network’s annual meeting results in Locke winning the Bob Williams Award for Biggest Home State Win
State Policy Network’s annual meeting results in Locke winning the Bob Williams Award for Biggest Home State Win
 
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