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Taxes

NC commerce secretary defends need for more incentives money

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A top advocate of Gov. Pat McCrory's request for more money for North Carolina business incentives is facing skepticism from Senate Republicans who believe lower tax rates is the better way to attract companies. Full story...
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UPDATE: Meeting on tax for extra downtown services brings many opinions

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videoAfter years of talk, downtown Wilmington could soon have a new way to enhance the area. Some business leaders want to create what's called a municipal service district downtown. Full story...
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NC Senate acts on gas tax bill, waits on incentives measure

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It looks like legislation adjusting North Carolina's gasoline tax is heading to negotiations, but it's unclear when a House bill giving expanded tools to Gov. Pat McCrory to recruit companies gets heard in the Senate. Full story...
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NC Museum of History uses exhibit to push for tax credit

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The NC Museum of History is using an exhibit of photographs of abandoned buildings to push for the restoration of the historic preservation tax credit. Full story...
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WWAY INVESTIGATION: Is beach renourishment worth the money?

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videoSurf, sand and sun are big draws for southeastern North Carolina. In fact, our beaches keep much of our economy afloat, but they take a lot of maintenance. Full story...
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Economists predict $271M NC government shortfall this year

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Economists at the General Assembly and Gov. Pat McCrory's administration agree for now there will be a small shortfall this fiscal year relative to North Carolina's $21 billion state government budget. Full story...
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Audit: Failed NC charter school mismanaged taxpayer funds

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North Carolina's state auditor says a failed Kinston charter school got nearly $700,000 in taxpayer funds in 2013 despite years of financial mismanagement and inflated expected student enrollment to get more than it was due. State auditors said Wednesday they looked into the finances of Kinston Charter Academy after it closed in September 2013. Full story...
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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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