North Carolina is gathering public input on a redesigned small-business contracting program after lawmakers eliminated the Office for Historically Underutilized Businesses in the state budget.
Applications are now being accepted for a new round of grantmaking from the One North Carolina Small Business Program, a key source of capital for North Carolina’s emerging technology companies.
“Small businesses that are hiring workers, navigating supply chains and emerging from the pandemic must not endure a tax increase and this legislation fixes that.”
The NFIB Research Center released today a new tax survey of small business owners assessing their biggest tax challenges, implications of potential changes to the tax code, and how tax policy impacts business operations. Most notably, federal income and payroll taxes are significant costs and administrative burdens for small businesses.
Today, the NC House voted 112-1 to pass House Bill 334 – Temporarily Align PPP Treatment to Federal Treatment, which will provide tax relief for small businesses and individuals impacted by the COVID-19 pandemic.
Lawmakers in the North Carolina House have fast-tracked a bill 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.
A House Judiciary committee is scheduled Tuesday, April 13, to take up a bill that would fully reopen bars and restaurants, as long as they follow specific safety guidelines.
Lawmakers are fighting to help small businesses afford health insurance, but they’re running out of time. As the pandemic and the shutdowns wreck the economy, thousands of North Carolinians continue to lose their insurance. North Carolina has nearly 1.2 million uninsured residents.
