North Carolina ranks just outside of the top 10 states, at No. 11, in the latest Tax Foundation State Business Tax Climate Index.
All tagged income tax
OPINION: One state Supreme Court case could destroy the court for years to come
In an astonishing and unprecedented power grab that will overturn 200 years of case law and prior precedents, Democrats on the state Supreme Court are preparing to disqualify and remove two duly-elected Republican Supreme Court justices from a case so they can nullify voters’ decision to amend the Constitution.
Cutting corporate tax helps consumers
With negotiators for the North Carolina House and Senate confirming that they’ve agreed on the broad outlines of a state budget for next year, the prospect of ending the state’s 2.5% corporate income tax is one step closer to becoming reality. A phase-out is already in the Senate’s budget plan, and key House members have endorsed the idea.
Corporate tax should be priority
North Carolina state government is headed into the 2021-22 fiscal year with nearly $5 billion in unanticipated revenue and unencumbered savings. Even after making critical deposits into the state’s rainy-day fund, reserve for repairing and renovating state buildings, and other accounts, there’ll be enough money left on the table to start a fight.