Income tax relief for families, franchise tax relief for businesses
Budget modernizes sales tax in response to Wayfair ruling on online sales
Extends historic tax credits and implements market based sourcing
Raleigh, N.C. – Another increase in North Carolina’s zero-tax bracket for working families is proposed in the state House of Representatives’ budget released Monday, maintaining the Republican-led legislature’s commitment to more than tripling the standard deduction since 2014 to help low-income earners keep more money in their paychecks. Continue reading “Tax Reform Continues in North Carolina House Budget Proposal”