New NC laws: Lower taxes, fewer breaks


    Associated Press

    RALEIGH, NC (AP) — 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.

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    Scores of new laws or significant tweaks approved by state lawmakers take effect on New Year’s Day.

    A tax overhaul law that this year cut individual income rates to 5.8 percent pushes rates down to 5.75 percent in 2015. The corporate income tax that dropped from 6.9 percent to 6 percent in 2014 now falls to 5 percent in 2015.

    Hunting and fishing licenses are being tied to inflation, possibly limiting fee increases. Military veterans and their spouses may find it easier to put skills to work as occupational licensing boards are ordered to issue approvals for previous experience.

    (Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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