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Wednesday, September 30, 2020
Tags Income Tax

Tag: Income Tax

NC revenue surplus lowered slightly, still largest in years

Much of the surge in North Carolina income tax collections this spring can't be counted on to repeat in 2020 and 2021, state government economists said Tuesday. That could limit options on further spending or tax breaks in the upcoming two-year budget.

NC collections may surge $700M above projections

North Carolina tax collections are on track for the state to post its highest surplus since the Great Recession.

Court temporarily delays order voiding NC amendments

A North Carolina appeals court has set aside temporarily a trial judge's ruling that voided two constitutional amendments because some district boundaries for lawmakers who placed them on the ballot had been previously declared racial gerrymanders.

Judge strikes down North Carolina voter ID OK’d by voters

North Carolina judge has voided constitutional amendments approved by voters in November requiring photo identification to vote in person and capping the state income tax rate.

White House says tax refunds will go out on time despite shutdown

A Trump administration official says income tax refunds for 2018 will go out on time during the partial government shutdown because rules will be changed to make funding available to pay them.

North Carolina cutting state, corporate income taxes in 2019

North Carolina is again cutting personal and corporate income tax rates.

Trump administration unveils plan to slash corporate, individual tax rates

Top Trump administration officials insist the president's proposed tax plan, which would slash corporate and individual tax rates, will not add to the deficit.

Constitutional change on income tax rate cap OK’d by Senate

A constitutional amendment lowering the cap on North Carolina income tax rates is halfway to voters following Senate passage of a November 2018 referendum.

Free tax help offered to certain New Hanover County residents

Starting next month, certain New Hanover County residents can qualify for free tax preparation and filing.

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European evaluators visit Vatican mired in financial scandal

For the next two weeks, the Council of Europe’s Moneyval team will be checking the Vatican’s compliance with international norms to fight money laundering and terror financing.

Disney to lay off 28,000 at its parks in California, Florida

Officials said Tuesday that two-thirds of the planned layoffs involve part-time workers but they ranged from salaried employees to hourly workers.

Sheikh Nawaf sworn in as Kuwait’s new ruling emir

At age 83, Sheikh Nawaf is not expected to deviate from the diplomatic path charted by his predecessor, the late Sheikh Sabah Al Ahmad Al Sabah. But his accession has touched off speculation about who will become the next crown prince.

32 acquitted in razing of India mosque that set off violence

The four party leaders were accused of making inflammatory speeches that incited followers before the attack. They said the mosque’s demolition was spontaneous.