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100 Results found for franchise tax

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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.
 
Nearly three months into the fiscal year, a budget bill has finally arrived
Nearly three months into the fiscal year, a budget bill has finally arrived
 
Praising North Carolina as “one of the foremost leaders in pro-growth state tax reform and relief over the past decade,” the Tax Foundation last week provided some analysis and guidance for the House and Senate tax change proposals.
Praising North Carolina as “one of the foremost leaders in pro-growth state tax reform and relief over the past decade,” the Tax Foundation last week provided some analysis and guidance for the House and Senate tax change proposals.
 
The N.C. Revenue Department accuses tobacco manufacturer Philip Morris of misreading state law in a legal dispute over an $8.7 million tax bill. The dispute sits with the N.C. Supreme Court.
The N.C. Revenue Department accuses tobacco manufacturer Philip Morris of misreading state law in a legal dispute over an $8.7 million tax bill. The dispute sits with the N.C. Supreme Court.
 
The North Carolina House, Senate, and governor have each released their budget proposals for the upcoming biennium
 
The North Carolina Senate released its biennium budget proposal this week as scheduled, with the expectation of meeting with the state House to establish a conference budget before the current fiscal year ends on June 30
The North Carolina Senate released its biennium budget proposal this week as scheduled, with the expectation of meeting with the state House to establish a conference budget before the current fiscal year ends on June 30
 
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.
 
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
 
Tobacco manufacturer Philip Morris is taking a dispute over $7.2 million in state tax credits to the N.C. Court of Appeals.
Tobacco manufacturer Philip Morris is taking a dispute over $7.2 million in state tax credits to the N.C. Court of Appeals.
 
North Carolina General Assembly lawmakers from the House and Senate met Tuesday to dig into why the state has $3.25 billion in excess revenue for the 2022-23 biennium. The revenue forecast was released last week by the Fiscal Research Division and the Office of State Budget and Management (O.S.B.M.)
North Carolina General Assembly lawmakers from the House and Senate met Tuesday to dig into why the state has $3.25 billion in excess revenue for the 2022-23 biennium. The revenue forecast was released last week by the Fiscal Research Division and the Office of State Budget and Management (O.S.B.M.)
 
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.
 
North Carolina set another record for new business creation in 2021.
North Carolina set another record for new business creation in 2021.
 
2021 brought many tax changes to North Carolina with the passage of the state budget, and in the end, everyone will see a bit more in their wallets.
2021 brought many tax changes to North Carolina with the passage of the state budget, and in the end, everyone will see a bit more in their wallets.
 
Republicans lawmakers in North Carolina scored well in the 2021 “How They Voted” report card released by the N.C. Chamber of Commerce on Monday, Dec. 13.
Republicans lawmakers in North Carolina scored well in the 2021 “How They Voted” report card released by the N.C. Chamber of Commerce on Monday, Dec. 13.
 
North Carolina would jump from No. 10 to No. 5 in the Tax Foundation’s state business tax climate rankings, if recently approved reforms took effect immediately.
North Carolina would jump from No. 10 to No. 5 in the Tax Foundation’s state business tax climate rankings, if recently approved reforms took effect immediately.
 
So far this year, Gov. Cooper has pledged over $930.7 million in tax incentives to just 22 corporations, including $845.8 million over four decades to Apple
So far this year, Gov. Cooper has pledged over $930.7 million in tax incentives to just 22 corporations, including $845.8 million over four decades to Apple
 
"This surplus came largely out of the pockets of North Carolina citizens and they deserve to see some of it returned to them."
"This surplus came largely out of the pockets of North Carolina citizens and they deserve to see some of it returned to them."
 
A pay-as-you-go approach to capital projects sets the Senate apart from Democratic Gov. Roy Cooper, whose budget plan called for a $4.7 billion statewide bond package.
A pay-as-you-go approach to capital projects sets the Senate apart from Democratic Gov. Roy Cooper, whose budget plan called for a $4.7 billion statewide bond package.
 
The N.C. House passed a bill by a vote of 100-5 on Wednesday to exempt military retirement pay from state income taxes.
The N.C. House passed a bill by a vote of 100-5 on Wednesday to exempt military retirement pay from state income taxes.
 
North Carolina has over-collected more than $6 billion in state taxes when compared to May of 2020 economic forecasts.
North Carolina has over-collected more than $6 billion in state taxes when compared to May of 2020 economic forecasts.
 
"We have consistently collected more from taxpayers than we need to operate a sound state government," said Sen. Paul Newton, R-Cabarrus.
"We have consistently collected more from taxpayers than we need to operate a sound state government," said Sen. Paul Newton, R-Cabarrus.
 
It has been four years since the legislature last passed a significant tax reform.
It has been four years since the legislature last passed a significant tax reform.
 
Personal income tax rates would be slashed and the corporate tax rate entirely eliminated by 2028 under a proposal rolled out on Tuesday, May 25, by N.C. Senate Republicans.
Personal income tax rates would be slashed and the corporate tax rate entirely eliminated by 2028 under a proposal rolled out on Tuesday, May 25, by N.C. Senate Republicans.
 
It’s hard to get away from an object that’s sticky.
 
Berger said funds should be used for infrastructure, tax relief, state worker salaries, and expansion of school choice not massive, new government expenses.
Berger said funds should be used for infrastructure, tax relief, state worker salaries, and expansion of school choice not massive, new government expenses.
 
The progressive left in North Carolina has for years attempted to paint a narrative that the conservative tax reforms over the last several years have starved state government of funding, and have left budgets “cut to the bone.”
The progressive left in North Carolina has for years attempted to paint a narrative that the conservative tax reforms over the last several years have starved state government of funding, and have left budgets “cut to the bone.”
 
The furor over COVID-19 will fade. Eventually.
 
The N.C. General Assembly is in session, but it’s unclear how long it may take lawmakers to deal with economic fallout caused by COVID-19.
The N.C. General Assembly is in session, but it’s unclear how long it may take lawmakers to deal with economic fallout caused by COVID-19.
 
North Carolina’s economy has been devastated by the decisions of Gov. Roy Cooper and state and local officials in their attempt to ameliorate the effects of COVID-19.
North Carolina’s economy has been devastated by the decisions of Gov. Roy Cooper and state and local officials in their attempt to ameliorate the effects of COVID-19.
 
What that means for individual, corporate and franchise tax bills in North Carolina
What that means for individual, corporate and franchise tax bills in North Carolina
 
How should the State of North Carolina go about corporate taxation and corporate welfare? There are four possible policy combinations.
How should the State of North Carolina go about corporate taxation and corporate welfare? There are four possible policy combinations.
 
It appears Gov. Roy Cooper might not be alone when it comes to conflating across-the-board tax cuts with “corporate giveaways.”
It appears Gov. Roy Cooper might not be alone when it comes to conflating across-the-board tax cuts with “corporate giveaways.”
 
Don’t despair North Carolina, despite continuing cries the state is without a budget — even after months of consternation, frustration, accusations, political wrangling, and dead–end negotiations.
Don’t despair North Carolina, despite continuing cries the state is without a budget — even after months of consternation, frustration, accusations, political wrangling, and dead–end negotiations.
 
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