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Taxes

Money for NC private school vouchers begins moving

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The first of millions of taxpayer dollars in payments have been sent to private and religious schools across North Carolina while an appeals court considers a judge's ruling that a new scholarship program for low-income public school children is unconstitutional on several levels. Full story...
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Report: NC among states most tied to income tax

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A new report by the investment rating agency Standard & Poor's says the income gap is undermining public treasuries in North Carolina and other states. Full story...
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NC Senate passes Medicaid reform legislation

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The North Carolina Senate has given tentative approval to a bill that changes how Medicaid is administered and paid for in the state. Senators approved the measure, 28-17, on Thursday. It would create a new state agency to oversee and manage Medicaid and partially privatize it. The bill would carve out Medicaid regions in the state where both private companies and hospital-led health plans would compete for contracts to serve patients there. Full story...
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NC lawmakers give final OK to tax changes

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The North Carolina legislature has quickly moved a wide-ranging tax bill to Gov. Pat McCrory's desk, one that sets a levy on electronic cigarettes and a hard expiration date for some municipal privilege taxes. Full story...
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NC Senate initially approves omnibus tax bill

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The North Carolina Senate's version of an omnibus tax bill has remained intact after Democratic amendments were defeated, including one that would have lifted the scheduled repeal of certain municipal business taxes next summer. Full story...
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Full NC House gives initial OK to tax bill

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The North Carolina House has tentatively agreed to a wide-ranging tax bill that caps municipal business privilege taxes and places an excise tax on electronic cigarettes. Full story...
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NC House committee agrees to omnibus tax bill

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North Carolina legislators have been meeting formally for two days and they're already moving a wide-ranging finance bill that would curb the ability of towns and cities to tax businesses and place a new tax on electronic cigarettes. Full story...
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NC to consider new e-cigarette tax

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The Republican-dominated North Carolina General Assembly will consider a new tax on electronic cigarettes. A panel that studies tax matters recommended Tuesday that the proposal be introduced during the legislative session that starts Wednesday. Support is coming from an unlikely source in tobacco giant Reynolds American, based in Winston-Salem. Full story...
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City Council eyes tax increase

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videoCity council won't vote on the budget until the middle of June. Until then they'll continue to hammer out specifics. On the table Tuesday, Wilmington’s City Council is pounding out the 2014-15 budget. Full story...
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McCrory, tax overhaul opponents differ on result

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Gov. Pat McCrory and other North Carolina conservative leaders remain convinced last year's tax overhaul law will result in more money in people's wallets and more jobs, even as critics insist most people will see higher taxes. McCrory used Tuesday's tax filing deadline to celebrate lower income and corporate income tax rates approved by the legislature. Full story...
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NC LGBT group to hold rally over tax filing policy

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North Carolina's largest LGBT advocacy group is holding a rally to protest a new state tax policy regarding same-sex couples. Full story...
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NC local business taxes capped in proposal

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The General Assembly is likely to debate legislation this session that would streamline local business taxes, even as some lawmakers and municipal lobbyists caution towns and cities could have to raise property taxes if it passed. A tax study committee tentatively agreed Wednesday to recommend to the full legislature a repeal of business privilege license taxes levied by 300 municipalities in July 2015. It would be replaced with a tax capped at $100 per business location. Full story...
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IRS: Think ahead, don't fall for scams as April 15 nears

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videoAs the April 15 tax filing deadline approaches, the IRS wants to remind you to think ahead and be careful of scammers targeting taxpayers. Full story...
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NC tax collections largely in line through March

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North Carolina's overall tax collections are essentially staying in line with what lawmakers agreed were needed to operate state government this year. Full story...
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Study: Loss of film incentive would have negative impact on NC

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videoA new study on the impact of the film industry in North Carolina shows the tax incentives promoting the industry have a positive economic impact. A group of film commissions across the state, including the Wilmington Regional Film Commission, commissioned the study. Full story...
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