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Taxes

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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Local governments could face $100 business tax cap

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Legislators at the General Assembly are interested in streamlining how local governments can tax North Carolina businesses in a move that could take away millions of dollars from the state's largest cities. A committee that focuses on tax issues unveiled Wednesday a new version of a bill that would repeal the business privilege license tax municipalities can charge and replace it with a new tax that would be capped at $100 per business location. Full story...
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Brunswick Co. voters to decide sales tax hike in May

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video For the last few months Brunswick County Commissioners have been trying to discuss the best way to use the sales tax in their county. First they voted down changing sales tax distribution. Now they're asking voters to increase the tax. Full story...
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Commissioners move on as Berger misses second meeting since arrest

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videoNew Hanover County Commissioners met today for the second time since Brian Berger was arrested again last month for DWI, but there was again an empty seat at the table. Full story...
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