North Carolina lawmakers consider comprehensive tax reform legislation

May 2013

Overview

On May 16, 2013, the North Carolina Committee on Finance presented a revised draft of House Bill 998. The proposed H.B. 998 would implement comprehensive tax reform in the state by lowering individual, corporate income tax and franchise tax rates; lowering the combined local sales and use tax rate; and expanding the sales and use tax base.

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Peter Michalowski
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