Senate tax reform bill headed for vote - WECT TV6-WECT.com:News, weather & sports Wilmington, NC

Senate tax reform bill headed for vote

The state Senate is expected to take a first floor vote Thursday on the Republican-led tax reform plan The state Senate is expected to take a first floor vote Thursday on the Republican-led tax reform plan

 

RALEIGH, N.C. (AP) - The North Carolina Senate is advancing a tax overhaul that repeals corporate income taxes without a major expansion of sales taxes.

The bill that the Senate Finance Committee endorsed Wednesday also lowers income rates and repeals local sales taxes on food. The chamber's first plan lowered rates on corporations but greatly expanded sales taxes.

Critics argue billions in tax cuts will largely benefit the wealthy and force local governments to raise property taxes to recoup lost revenue.

The sponsor of the Senate's first tax overhaul proposal said the new plan isn't true reform because it doesn't add more sales taxes for services.

Backers of the plan point to analysis that shows the state would become far more attractive to business.

The bill is expected to reach the Senate floor Thursday.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

  • PoliticsMore>>

  • Senate overrides Cooper's veto of Elections Board bill, House votes Tuesday

    Senate overrides Cooper's veto of Elections Board bill, House vote next

    Tuesday, April 25 2017 12:02 AM EDT2017-04-25 04:02:32 GMT
    The state Senate voted Monday to override Gov. Roy Cooper's veto of a bill to combine the state Ethics and Elections boards. The measure now goes to the state House. (Source: WECT)The state Senate voted Monday to override Gov. Roy Cooper's veto of a bill to combine the state Ethics and Elections boards. The measure now goes to the state House. (Source: WECT)

    The state Senate voted Monday night by a 33-15 margin to override Gov. Roy Cooper's veto of a bill to combine the state ethics commission and elections board. The state House is scheduled to vote on the override when it reconvenes Tuesday morning.

    More >>

    The state Senate voted Monday night by a 33-15 margin to override Gov. Roy Cooper's veto of a bill to combine the state ethics commission and elections board. The state House is scheduled to vote on the override when it reconvenes Tuesday morning.

    More >>
  • UPDATE: Senate votes to abolish Columbus County Coroner's Office

    UPDATE: Senate votes to abolish Columbus County Coroner's Office

    Thursday, April 20 2017 3:38 PM EDT2017-04-20 19:38:58 GMT
    The state Senate voted Thursday to abolish the office of County Coroner in Columbus County. The bill now heads to the state House. (Source: WECT)The state Senate voted Thursday to abolish the office of County Coroner in Columbus County. The bill now heads to the state House. (Source: WECT)

    The state Senate voted unanimously Thursday morning on a bill to abolish the coroner’s office in Columbus County. Sen. Danny Earl Britt (R-Robeson, Columbus) filed Senate Bill 185, which now heads to the state House.

    More >>

    The state Senate voted unanimously Thursday morning on a bill to abolish the coroner’s office in Columbus County. Sen. Danny Earl Britt (R-Robeson, Columbus) filed Senate Bill 185, which now heads to the state House.

    More >>
  • Senate confirms Hamilton for seat in Gov. Cooper's cabinet

    Senate confirms Hamilton for seat in Gov. Cooper's cabinet

    Wednesday, April 12 2017 6:19 AM EDT2017-04-12 10:19:03 GMT
    Former state lawmaker Susi Hamilton of Wilmington received unanimous support by the state Senate to become the new Secretary for Natural and Cultural Resources. (Source: ncleg.net)Former state lawmaker Susi Hamilton of Wilmington received unanimous support by the state Senate to become the new Secretary for Natural and Cultural Resources. (Source: ncleg.net)

    Former lawmaker Susi Hamilton of Wilmington was unanimously confirmed Tuesday by the state Senate as the Secretary of the Department of Natural and Cultural Resources. 

    More >>

    Former lawmaker Susi Hamilton of Wilmington was unanimously confirmed Tuesday by the state Senate as the Secretary of the Department of Natural and Cultural Resources. 

    More >>
Powered by Frankly