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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.
Published: Thursday, May 11th, 2023 @ 2:23 pm
By: John Locke Foundation
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The Left insists government is better poised than you to spend more of your hard-earned money.
Published: Friday, January 14th, 2022 @ 9:13 am
By: John Locke Foundation
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The N&O this weekend published an editorial declaring that North Carolina’s corporate income tax cuts are “not working.”
Published: Wednesday, November 20th, 2019 @ 4:31 am
By: Civitas Insitute
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States and municipalities courting of large corporations such as Amazon and Apple has brought the folly of economic development tax incentives into the public awareness
Published: Friday, December 28th, 2018 @ 7:52 am
By: Civitas Insitute
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North Carolina's corporate income tax currently stands at 3 percent, and it is scheduled to be reduced to 2.5 percent in January
Published: Wednesday, June 20th, 2018 @ 10:45 am
By: John Locke Foundation
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The $23.9 billion state General Fund budget proposal reduces personal and corporate income taxes and increases education spending by nearly $700 million
Published: Friday, June 1st, 2018 @ 3:38 pm
By: John Locke Foundation
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Senate leaders are proposing a $1 billion middle class tax reduction plan that would lower personal and corporate income taxes, increase mortgage interest deductions, and allow for unlimited medical and charitable tax deductions
Published: Monday, March 20th, 2017 @ 8:58 pm
By: John Locke Foundation
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By collecting $21.3 billion in General Fund revenues during the 2015-16 fiscal year, the corporate income tax rate will drop to 3 percent in January
Published: Thursday, August 4th, 2016 @ 4:59 am
By: John Locke Foundation
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A new round of tax cuts in the $21.735 billion state budget for 2015-16 may prevent the state from lowering the corporate income tax rate to 3 percent in 2017 because tax collections are projected to be $74.7 million lower than a revenue target set two years ago.
Published: Thursday, September 17th, 2015 @ 1:09 pm
By: John Locke Foundation
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Tax reform advocates have found much to like in some key provisions to a broad tax package proposed by three state Senate leaders in March.
Published: Wednesday, April 15th, 2015 @ 6:06 pm
By: John Locke Foundation
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Senate Republicans are pushing bills to reduce the state corporate income tax rate from 5 percent this year to 3 percent in 2017, and restructure the manner in which corporate taxes are calculated. The intent behind the legislation is to make the state more business-friendly and better able to...
Published: Monday, March 23rd, 2015 @ 10:29 pm
By: John Locke Foundation
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Pundits, partisans and politicos have offered their views on the tax plan passed this week, ranging from praise to please.
Published: Thursday, July 18th, 2013 @ 10:34 pm
By: Tom Campbell
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The state Senate, amid a rift among the chamber's leadership, gave its initial approval Thursday to a tax reform bill that would establish a flat tax, lower personal income taxes, and phase out the corporate income tax.
Published: Sunday, June 16th, 2013 @ 1:42 pm
By: John Locke Foundation
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Senate leader Phil Berger unveiled the latest tax reform plan Tuesday. It's a plan that would reduce the personal income tax, eventually eliminate...
Published: Thursday, June 13th, 2013 @ 11:37 am
By: John Locke Foundation
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Senate leaders used a Tuesday press conference to announce their long-awaited tax proposal, a proposal that would lower personal and corporate income tax...
Published: Wednesday, May 8th, 2013 @ 9:28 pm
By: John Locke Foundation
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Lawmakers agree they want to lower personal and corporate income tax rates while expanding the tax base to include a wider range of sales and service taxes, but the devil is in tax reform details.
Published: Thursday, May 2nd, 2013 @ 11:42 pm
By: Tom Campbell
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A pro-growth tax reform including elimination of state personal and corporate income taxes has garnered significant attention in North Carolina over the last several weeks.
Published: Sunday, March 3rd, 2013 @ 2:26 pm
By: Civitas Insitute
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The drumbeat for tax reform in 2013 is growing louder with each passing day, but ask those beating the drums what they mean by reform and you get very different answers.
Published: Saturday, January 12th, 2013 @ 9:14 pm
By: Tom Campbell
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The ongoing state budget "crisis" strongly underscores the urgent need for North Carolina to adapt significant state budget reforms.
Published: Saturday, August 25th, 2012 @ 8:30 pm
By: Civitas Insitute
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North Carolina's corporate income tax violates basic principles of sound economic policy and open government.
Published: Thursday, August 23rd, 2012 @ 8:22 pm
By: John Locke Foundation
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According to the Triangle Business Journal, special state tax credits for renewable energy, research & development, and capital purchases reduced North Carolina's corporate-tax collections by nearly a quarter of a billion dollars last year.
Published: Monday, May 28th, 2012 @ 12:17 pm
By: John Locke Foundation
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