Raleigh, N.C. – As families and businesses across the country complete the final touches on their returns for Tax Day 2018, the annual deadline highlights billions of dollars of relief provided to North Carolinians this decade.
The state General Assembly secured a lower income tax rate, corporate tax rate, sales tax rate, and a substantially higher zero-tax bracket for residents since 2011.
State House Speaker Tim Moore (R-Cleveland) detailed North Carolina’s surge in economic competitiveness following the tax relief in The Hill, The Washington Times, and Forbes, in just the last year.
“Families being able to save or spend their money instead of having it taxed away helps North Carolina’s overall economy,” Moore wrote.
“Top-tier wage and job growth, tax relief and lower unemployment are a winning combination for North Carolina.”
North Carolina’s historic tax relief will continue to take effect through 2019. Here are more tax facts and highlights of how the relief benefits North Carolina.
1.5M Working North Carolinians Are Exempt from Income Tax by 2019, 30% of Returns
Cooper Administration: Republicans Protect 241,000 From Income Tax
North Carolina Passes 30 States in 3 Years of Tax Foundation Rankings
More Tax Cuts Coming for Middle-Class North Carolinians in 2017
North Carolina Lawmakers Share Tax Reform Success Story With Other States
Middle-Class North Carolinians Save Hundreds in Era of Republican Tax Relief