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124 Results found for tax deduction

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The North Carolina House, Senate, and governor have each released their budget proposals for the upcoming biennium
 
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
 
The nation’s most influential manufacturing association said former President Donald Trump is responsible for strong performance in the industry after President Joe Biden repeatedly took credit for growth in the sector during his State of the Union address on Tuesday.
The nation’s most influential manufacturing association said former President Donald Trump is responsible for strong performance in the industry after President Joe Biden repeatedly took credit for growth in the sector during his State of the Union address on Tuesday.
 
Former Trump Organization CFO Allen Weisselberg was sentenced to five months in jail on Tuesday after pleading guilty to various felony charges.
Former Trump Organization CFO Allen Weisselberg was sentenced to five months in jail on Tuesday after pleading guilty to various felony charges.
 
Democrats in the Senate voted along party lines on Sunday to pass the so-called “Inflation Reduction Act.”
 
The “Inflation Reduction Act” would be a disaster for many. Taxes would rise for nearly every income group, devastating low-income households in particular.
The “Inflation Reduction Act” would be a disaster for many. Taxes would rise for nearly every income group, devastating low-income households in particular.
 
North Carolina’s premier think tank honored as one of the nominees for SPN's Bob Williams Award
 
On Tuesday, CNN reported that when asked about President Biden’s Build Back Better plan, West Virginia Democrat Senator Joe Manchin said bluntly, “It’s dead.”
On Tuesday, CNN reported that when asked about President Biden’s Build Back Better plan, West Virginia Democrat Senator Joe Manchin said bluntly, “It’s dead.”
 
A new year ushers in new laws in North Carolina. Here are the laws that took effect on Jan. 1.
A new year ushers in new laws in North Carolina. Here are the laws that took effect on Jan. 1.
 
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.
 
The last puzzle pieces of a new budget are finally coming together, as both the House and the Senate passed the $25.9 billion budget for the biennium. It is now headed to Gov. Roy Cooper, who announced earlier this week that he intends to sign it.
The last puzzle pieces of a new budget are finally coming together, as both the House and the Senate passed the $25.9 billion budget for the biennium. It is now headed to Gov. Roy Cooper, who announced earlier this week that he intends to sign it.
 
If you are covering Kamala Harris’ visit to Charlotte today, please consider the following statement from the Republican National Committee
If you are covering Kamala Harris’ visit to Charlotte today, please consider the following statement from the Republican National Committee
 
As if Butterfield’s decision not to seek re-election wasn’t enough to secure a Republican win in North Carolina’s second congressional district, today’s vote by the Democrats to pass Biden’s “Build Back Broke” Agenda sealed the deal.
As if Butterfield’s decision not to seek re-election wasn’t enough to secure a Republican win in North Carolina’s second congressional district, today’s vote by the Democrats to pass Biden’s “Build Back Broke” Agenda sealed the deal.
 
If you are covering Representative Deborah Ross' support of Joe Biden’s “Build Back Broke” agenda, please consider the following statement from the RNC:
If you are covering Representative Deborah Ross' support of Joe Biden’s “Build Back Broke” agenda, please consider the following statement from the RNC:
 
The Republicans of the N.C. General Assembly have once again delivered a budget that cuts taxes for all, leaving even more of North Carolinians hard-earned money in their own pockets.
The Republicans of the N.C. General Assembly have once again delivered a budget that cuts taxes for all, leaving even more of North Carolinians hard-earned money in their own pockets.
 
Today, Governor Roy Cooper announced his intent to sign the legislative budget, citing necessary investments in teacher and state employee pay, critical infrastructure and aid to help families and businesses emerge from the pandemic stronger than ever.
Today, Governor Roy Cooper announced his intent to sign the legislative budget, citing necessary investments in teacher and state employee pay, critical infrastructure and aid to help families and businesses emerge from the pandemic stronger than ever.
 
Things are quiet this week on Jones Street in Raleigh, even as work on a state budget plan, which the governor may or may not sign, looms in the legislature.
Things are quiet this week on Jones Street in Raleigh, even as work on a state budget plan, which the governor may or may not sign, looms in the legislature.
 
Gov. Roy Cooper opposes tax cuts for North Carolinians earning more than $200,000 a year.
Gov. Roy Cooper opposes tax cuts for North Carolinians earning more than $200,000 a year.
 
Senate Bill 105 will require a second vote Friday morning.
 
"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.
 
Overall spending growth will be below GOP's self-imposed spending limitation of population plus inflation increases
Overall spending growth will be below GOP's self-imposed spending limitation of population plus inflation increases
 
A proposed tax cut from Senate Republicans would move North Carolina to fifth in the state business tax climate rankings, the Tax Foundation says.
A proposed tax cut from Senate Republicans would move North Carolina to fifth in the state business tax climate rankings, the Tax Foundation says.
 
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.
 
Lawmakers in the North Carolina House fast-tracked a bill today that would allow businesses that received Payroll Protection Program loans from the federal government to have any expenses the funds were used for deducted from state tax.
Lawmakers in the North Carolina House fast-tracked a bill today that would allow businesses that received Payroll Protection Program loans from the federal government to have any expenses the funds were used for deducted from state tax.
 
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