RALEIGH, N.C. -- Gov. Pat McCrory and Republican legislative leaders on Monday announced a North Carolina tax overhaul deal, one that will cut individual and corporate income taxes and slightly expand the types of transactions subject to the state's full sales tax. McCrory, House Speaker Thom Tillis and Senate leader Phil Berger called the agreement historic, one they say that will make North Carolina more competitive with other states for business recruitment and job creation. Berger, Tillis and McCrory pledged to work toward modernizing and simplifying the tax code this year, largely by cutting rates and eliminating exemptions that critics call loopholes. The plan was hammered out after...
↧