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.
With the end of the state’s fiscal year just three weeks away, the N.C. House and Senate have reached a deal for the next budget. After weeks of closed negotiations, N.C. Senate and House leaders have agreed to a top-line spending number of $25.7 billion in the first year and $26.7 in the second year. That’s a spending increase of 3.45% in the first year of the biennium and 3.65% in year two.
A bill advancing decades’ long work to reform the state’s liquor monopoly passed in the N.C. House and heads now to the Senate.
The state House wants Congress to reject proposals for packing the U.S. Supreme Court. The House voted 68-44 Thursday to support a federal “Keep Nine” amendment to the U.S. Constitution.
The N.C. Senate passed a bill along party lines on Tuesday, April 27, that would require the state attorney general’s office to get sign-off from the legislature before reaching a settlement on a lawsuit in which the General Assembly is a party.
North Carolina’s governor would face a new 10-day limit on unchecked use of emergency powers, under a bill approved Tuesday on a party-line vote in the state Senate.
The Republican philosophy for North Carolina is apparent to any mildly informed observer not predisposed to blind partisanship. After all, we’ve adhered to it for more than a decade.
Today, Governor Roy Cooper signed the following bill into law:Senate Bill 56:
Addressing the N.C. Chamber of Commerce Government Affairs Summit, State Senate leader Phil Berger, R-Rockingham, said the more than $4.5 billion surplus tax revenue North Carolina has in its coffers is both a “blessing and a curse.”
A bill filed in the North Carolina Senate on the traditional April 15 tax deadline day would make tax and spending limits a part of the North Carolina Constitution, if voters approve it in 2022.
On March 31, the North Carolina Senate passed the hugely controversial SB 387, titled the Excellent Public Schools Act of 2021, by margin of 48 senators in favor, none opposed.
Republican legislators in the N.C. Senate are pushing forward a bill meant to improve literacy among North Carolina public school students by the third grade.
