RALEIGH, NC (AP) -- Leaders in the General Assembly and Gov. Pat McCrory are going to make a statement about the tax negotiations that have been going on for several weeks.
McCrory, Senate leader Phil Berger and House Speaker Thom Tillis scheduled to meet Monday afternoon at the old Capitol building for what Berger's office called a "major announcement on tax reform."
House and Senate Republicans worked into the weekend to craft a deal between competing tax plans between the chambers. Tillis, Berger and McCrory pledged several months ago to work toward modernizing and simplifying the tax code this year, largely by cutting tax rates and eliminating tax exemptions that critics call loopholes.
The tax negotiations have delayed the passage of the state budget.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)