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Taxes

NC collections gap now almost $200 million through December

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The difference between predicted revenue collections for the first half of North Carolina government's fiscal year and what's actually come in has widened slightly. Full story...
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A new year brings new laws and expires others

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video A new year brings new laws. Starting Thursday taxes will drop for some corporations and people, but film and taxi drivers will see some major changes. There are several changes in North Carolina's laws that took effect. One of the biggest changes a local actor says Wilmington faces is expiring film incentives. A 25 percent tax credit for TV and film productions is now gone. Full story...
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New NC laws: Lower taxes, fewer breaks

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The slate of laws taking effect with the new year includes lower taxes for corporations and individuals, though taxi drivers and movie-makers are losing preferential breaks. Full story...
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NC motor fuels tax going up 1 cent in January

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The price at the pump keeps falling, but motorists in North Carolina will see the gasoline tax increase slightly Jan. 1. Full story...
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NCDOT recommends sponsoring highway clean-up

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A study by the N.C. Board of Transportation is suggesting sponsorship for highway litter removal and rest areas, as well as increasing certain fees as a means of easing the burden on taxpayer funds for services it provides. The recommendations were released on Wednesday after the NCDOT study which was directed by the N.C. General Assembly. Full story...
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Duke Energy will not bill customers for taxes

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Duke Energy says it will not charge customers for corporate income taxes that it does not have to pay. Full story...
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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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