August Newsletter/2013 Legislative Wrap Up

Tax Reform
HB 998-Tax Simplification and Reduction Act
-This tax reform package will spur growth within North Carolina, while attracting new businesses and individuals to relocate here because of the move to a flat income tax rate of 5.9%.
-Over the next few years, the corporate income tax will be reduced to 3%. All the while, making certain that revenue and spending obligations will be met.
-Protects social security income, non-profit tax status and caps the state gas tax.
-This fiscally responsible plan is one of the first steps we have taken to provide tax relief to the hard working families of North Carolina.

read more...

Be the first to comment

Please check your e-mail for a link to activate your account.

Volunteer Donate

connect

facebook twitter linkedin linkedin

get updates