North Carolina Is Poised to Eliminate the Corporate Income Tax
Tax Development Nov 19, 2021
Tax Development Nov 19, 2021
North Carolina is poised to pass a compromise budget that would be the first state budget to be approved in the state since 2017. This current budget proposal, if approved, will cover the next two fiscal years ending June 30, 2023 and June 30, 2024. This budget incorporates months of negotiations in the Republican-led legislature. North Carolina will be the last state in the country to adopt a budget.
Highlights of the budget bill include:
Governor Roy Cooper signed the bill as presented, on November 19, 2021.
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