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Results found for "tax revenue"


City Manager Confirms Current Rate Sits 23% Above the Revenue-Neutral Baseline; Ten Fiscal Reform Items Removed From Agenda Before Discussion
Published: Tuesday, June 9th, 2026 @ 4:09 pm By: Joe Davis
City Manager Confirms Current Rate Sits 23% Above the Revenue-Neutral Baseline; Ten Fiscal Reform Items Removed From Agenda Before Discussion
 
Proponents of eliminating the federal income tax rejoiced today as Elon Musk cleverly disguised the Internal Revenue Service headquarters as a Tesla dealership so Democrats would burn it down.
Published: Tuesday, July 22nd, 2025 @ 8:41 pm By: Babylon Bee
Proponents of eliminating the federal income tax rejoiced today as Elon Musk cleverly disguised the Internal Revenue Service headquarters as a Tesla dealership so Democrats would burn it down.
 
The North Carolina Chamber Legal Institute backs a company in its legal fight with the state Revenue Department over a tax exemption.
The North Carolina Chamber Legal Institute backs a company in its legal fight with the state Revenue Department over a tax exemption.
 
State Still Collected $3 Billion in Surplus Revenue
A Wisconsin-based company is urging the U.S. Supreme Court to take up a tax dispute involving the N.C. Department of Revenue.
Published: Monday, May 8th, 2023 @ 10:16 am By: Carolina Journal
A Wisconsin-based company is urging the U.S. Supreme Court to take up a tax dispute involving the N.C. Department of Revenue.
 
Watauga County and three of its towns want the N.C. Supreme Court to reject a lawsuit from Boone. That town challenges Watauga's system for splitting local sales tax revenue.
Watauga County and three of its towns want the N.C. Supreme Court to reject a lawsuit from Boone. That town challenges Watauga's system for splitting local sales tax revenue.
 
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.
 
More than 21 million Americans who filed paper tax returns have still not seen their refunds, according to an Internal Revenue Service (IRS) report.
Published: Wednesday, July 6th, 2022 @ 9:33 am By: Daily Wire
More than 21 million Americans who filed paper tax returns have still not seen their refunds, according to an Internal Revenue Service (IRS) report.
 
State government tax revenues have well-exceeded expectations this fiscal year, WRAL reported. Personal income and sales and use tax revenues were $766 million and $330 million above projections, respectively.
State government tax revenues have well-exceeded expectations this fiscal year, WRAL reported. Personal income and sales and use tax revenues were $766 million and $330 million above projections, respectively.
 
The Left insists government is better poised than you to spend more of your hard-earned money.
The Left insists government is better poised than you to spend more of your hard-earned money.
 
The state budget may be spared economists’ worst fears from the COVID pandemic, according to a new tax revenue forecast.
The state budget may be spared economists’ worst fears from the COVID pandemic, according to a new tax revenue forecast.
 
Tax collections for the six months from April through September continue to track closely with the same period a year ago
Tax collections for the six months from April through September continue to track closely with the same period a year ago
 
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 full picture for 2019 income taxes is now available, but it does not provide much clarity about the revenue picture for the rest of FY2020-21.
The full picture for 2019 income taxes is now available, but it does not provide much clarity about the revenue picture for the rest of FY2020-21.
 
I hoped, when Gov. Cooper declared a public health emergency March 14, that he was also planning ways to reduce spending to offset some of the lost sales and income tax revenue.
I hoped, when Gov. Cooper declared a public health emergency March 14, that he was also planning ways to reduce spending to offset some of the lost sales and income tax revenue.
 
Tax revenues are falling for states and local governments across the country.
Tax revenues are falling for states and local governments across the country.
 
State tax credits for solar energy projects made for bad public policy. That doesn’t excuse recent action from the N.C. Revenue Department that denies those credits to solar energy finance companies.
State tax credits for solar energy projects made for bad public policy. That doesn’t excuse recent action from the N.C. Revenue Department that denies those credits to solar energy finance companies.
 
The Senate approved a plan to return millions in surplus tax revenue to taxpayers, despite complaints from some Democratic lawmakers who wanted to use the money for education or infrastructure.
The Senate approved a plan to return millions in surplus tax revenue to taxpayers, despite complaints from some Democratic lawmakers who wanted to use the money for education or infrastructure.
 
Tax credits claimed by clients of Dan McCready’s solar investment company may be jeopardized by Gov. Roy Cooper’s Department of Revenue.
Tax credits claimed by clients of Dan McCready’s solar investment company may be jeopardized by Gov. Roy Cooper’s Department of Revenue.
 
A major solar energy financing company says the N.C. Department of Revenue may be breaking the law. The company has formally asked DOR to justify a regulation rejecting state tax credits the company’s clients have claimed.
A major solar energy financing company says the N.C. Department of Revenue may be breaking the law. The company has formally asked DOR to justify a regulation rejecting state tax credits the company’s clients have claimed.
 
H.R. 3151, the “Taxpayer First Act,” which makes changes to the management and oversight of the Internal Revenue Service (IRS); modernizes the IRS to help combat tax fraud and update information technology systems; and makes other changes to the Internal Revenue Code
H.R. 3151, the “Taxpayer First Act,” which makes changes to the management and oversight of the Internal Revenue Service (IRS); modernizes the IRS to help combat tax fraud and update information technology systems; and makes other changes to the Internal Revenue Code
 
A Senate plan to pump $2.03 billion of tax revenue into K-12 public school construction would both outspend a competing House plan and do so with cash rather than debt, Senate Majority Leader Harry Brown, R-Onslow, said Wednesday.
A Senate plan to pump $2.03 billion of tax revenue into K-12 public school construction would both outspend a competing House plan and do so with cash rather than debt, Senate Majority Leader Harry Brown, R-Onslow, said Wednesday.
 
Tax reform is always a work in progress as legislators seek to raise revenue for the government without impeding the economy
Tax reform is always a work in progress as legislators seek to raise revenue for the government without impeding the economy
 
The public transportation system in Wilson, as in many places, needs taxpayer subsidies to keep the buses running. The difference between the cost of operating the system and revenues, led by passenger fares, is more than $1 million a year
The public transportation system in Wilson, as in many places, needs taxpayer subsidies to keep the buses running. The difference between the cost of operating the system and revenues, led by passenger fares, is more than $1 million a year
 
Advocates for higher taxes and spending were excited to see a new pool of economic activity from which to siphon money, but Gov. Roy Cooper's Department of Revenue (NCDOR) may have overstepped its authority in interpreting state law and a recent U.S. Supreme Court decision
Advocates for higher taxes and spending were excited to see a new pool of economic activity from which to siphon money, but Gov. Roy Cooper's Department of Revenue (NCDOR) may have overstepped its authority in interpreting state law and a recent U.S. Supreme Court decision
 
The state Department of Revenue is gearing up to assess sales taxes on more out-of-state online retailers who make sales to North Carolina residents. But it's unclear whether the department has the legal authority to do so, a former legislative leader says
The state Department of Revenue is gearing up to assess sales taxes on more out-of-state online retailers who make sales to North Carolina residents. But it's unclear whether the department has the legal authority to do so, a former legislative leader says
 
In 2007, the North Carolina General Assembly passed legislation allowing counties to impose an additional quarter-cent sales tax to raise revenue within their jurisdictions
In 2007, the North Carolina General Assembly passed legislation allowing counties to impose an additional quarter-cent sales tax to raise revenue within their jurisdictions
 
The landmark Leandro case may be short one defendant if a Superior Court judge grants the State Board of Education's motion to withdraw from the case
The landmark Leandro case may be short one defendant if a Superior Court judge grants the State Board of Education's motion to withdraw from the case
 
Tax policy is as much about regulation as it is the efficiency and simplicity of raising revenues to pay for government activity
Tax policy is as much about regulation as it is the efficiency and simplicity of raising revenues to pay for government activity
 
High Point is closer to getting a professional baseball team
High Point is closer to getting a professional baseball team
 
The N.C. Local Government Commission Tuesday approved $11.3 million in construction bonds sought by Jones County Schools
The N.C. Local Government Commission Tuesday approved $11.3 million in construction bonds sought by Jones County Schools
 
Connecticut legislators made headlines last year when they introduced a bill to tax revenue-generating college and university property. The bill was crafted to help New Haven, where Yale University is located, remain solvent
Connecticut legislators made headlines last year when they introduced a bill to tax revenue-generating college and university property. The bill was crafted to help New Haven, where Yale University is located, remain solvent
 
The final numbers are in on North Carolina's budget surplus. They are informative. They ought to provoke significant debate and discussion. Instead, they have gotten virtually no media coverage or public comment
The final numbers are in on North Carolina's budget surplus. They are informative. They ought to provoke significant debate and discussion. Instead, they have gotten virtually no media coverage or public comment
 
Walda Lorena Luna and her husband, Perfecto Ruano, pleaded guilty on June 20 in U.S. District Court in Wilmington, to charges associated with a tax fraud scheme in which they illegally obtained more than $12 million from the Internal Revenue Service
Walda Lorena Luna and her husband, Perfecto Ruano, pleaded guilty on June 20 in U.S. District Court in Wilmington, to charges associated with a tax fraud scheme in which they illegally obtained more than $12 million from the Internal Revenue Service
 
The General Assembly's top economist on Thursday said that, unlike last year, when state tax collections appeared to suggest a shortfall in General Fund revenues, state government is on track to meet its projections for the current budget year.
The General Assembly's top economist on Thursday said that, unlike last year, when state tax collections appeared to suggest a shortfall in General Fund revenues, state government is on track to meet its projections for the current budget year.
 
A Wake County small business owner attempting to pay her employees' withholding tax bill discovered that the state Department of Revenue website was vulnerable to hackers
A Wake County small business owner attempting to pay her employees' withholding tax bill discovered that the state Department of Revenue website was vulnerable to hackers
 
Increasingly, city officials have been using municipal-level resources to participate in economic development activities. These efforts have replicated approaches utilized by state and federal officials, albeit on a smaller scale. This study surveys North Carolina's most populous cities and...
Increasingly, city officials have been using municipal-level resources to participate in economic development activities. These efforts have replicated approaches utilized by state and federal officials, albeit on a smaller scale. This study surveys North Carolina's most populous cities and...
 
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.
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.
 
In 2005, the North Carolina General Assembly established a 35 percent credit for investing in renewable energy. This credit was slated to sunset at the end of 2010. By 2010-11, the Tax Research Division of the Department of Revenue estimated, the credits taken would cost the state $5.65 million...
In 2005, the North Carolina General Assembly established a 35 percent credit for investing in renewable energy. This credit was slated to sunset at the end of 2010. By 2010-11, the Tax Research Division of the Department of Revenue estimated, the credits taken would cost the state $5.65 million...
 
As the nation's sub-par economic recovery continues, tax revenues to state coffers are not rising as rapidly as in past periods of robust economic growth. Some left-leaning groups in North Carolina have attempted to seize upon this as an opportunity to criticize the state's 2013 tax cuts as a...
As the nation's sub-par economic recovery continues, tax revenues to state coffers are not rising as rapidly as in past periods of robust economic growth. Some left-leaning groups in North Carolina have attempted to seize upon this as an opportunity to criticize the state's 2013 tax cuts as a...
 
The N.C. Chamber is resurrecting an idea to pay for roads that eventually could confront concerns over the growing gap between increasing highway use and dwindling fuel tax revenues.
The N.C. Chamber is resurrecting an idea to pay for roads that eventually could confront concerns over the growing gap between increasing highway use and dwindling fuel tax revenues.
 

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