Tax & Accounting Blog

NC Governor’s Budget Includes Making the Temporary Tax Hike a Permanent Fixture

The proposed budget for North Carolina includes making the temporary state tax increase permanent. In addition, 10,000  state jobs would be eliminated and the corporate income tax rate is to be significantly lowered. In exchange for making the sales tax increase permanent, it would be lowered to 0.75 percent (it is currently a 1 percent … Read More