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.
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Friday, March 7 2014 8:10 AM EST2014-03-07 13:10:59 GMT
SWANNANOA, N.C. (AP/WECT) - State Sen. Martin Nesbitt, who this week stepped down as minority leader because of illness, has died. He was 67. Senate Democratic Caucus Director Ford Porter said NesbittMore >>
Just days after stepping down as the Senate Minority Leader in the General Assembly, state Sen. Martin Nesbitt (D-Buncombe) passed away from stomach cancer.More >>
Wednesday, March 5 2014 8:03 AM EST2014-03-05 13:03:49 GMT
RALEIGH, N.C. (AP) - North Carolina state Sen. Martin Nesbitt has stepped down as the Senate's minority leader because of a recent medical diagnosis. Sen. Dan Blue is taking his place. The Senate DemocraticMore >>
State Sen. Martin Nesbitt (D-Buncombe) has stepped down from his position of Minority Leader because of a health issue. Sen. Dan Blue (D-Wake) will be filling the role.More >>
Sunday, March 2 2014 10:02 AM EST2014-03-02 15:02:31 GMT
WILMINGTON, NC (WECT) – A flurry of final-day filings on Friday added candidates to races for seats in Washington DC, Raleigh and southeastern North Carolina. New Hanover County Commissioner JonathanMore >>
Several last-minute filings set up primary challenges for candidates seeking office in Raleigh and Washington, DC. Nearly all Sheriffs in southeastern North Carolina will also have primary challenges in 2014.More >>
Friday, February 28 2014 12:00 AM EST2014-02-28 05:00:12 GMT
FLORENCE, SC (WECT) – Will Breazeale, the 2008 Republican nominee for North Carolina's 7th Congressional District seat, has decided not to run for the same office in 2014. In a news release sent out lateMore >>
Will Breazeale, who won the GOP nomination in the 7th Congressional District in 2008, has decided not to make another run for the office in 2014.More >>
Thursday, February 27 2014 8:05 AM EST2014-02-27 13:05:29 GMT
RALEIGH, N.C. (AP) - State House Speaker Thom Tillis embraced the Republican agenda he helped push through North Carolina state government as he filed officially for the U.S. Senate. It's the same agendaMore >>
House Speaker became the latest Republican candidate to file paperwork and run for a seat in the United States Senate. Two Libertarian candidates also signed up, bringing the total number of candidates to nearly a dozen.More >>
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