NC House expected to complete tax overhaul OK - WNCN: News, Weather

NC House expected to complete tax overhaul OK

Posted: Updated:
RALEIGH, N.C. -

A tax code overhaul promoted by House Republicans will soon be in the hands of Senate Republicans, who want more dramatic changes to North Carolina's tax system.

The House plans a final vote Monday evening on its bill to lower individual and corporate income taxes and add to the list of transactions subject to the sales tax.

House GOP leaders are promoting the bill as an historic effort at tax reform after decades of failures in Raleigh that would in time result in lower tax bills for most everyone. But Democrats and their allies say most tax filers will pay more at the expense of the very wealthy.

The bill received tentative House approval last Friday.

The Senate wants to greatly expand the scope of the sales tax.

  • PoliticsMore>>

  • NC lawmakers reach compromise on coal ash measure

    NC lawmakers reach compromise on coal ash measure

    Tuesday, August 19 2014 10:47 PM EDT2014-08-20 02:47:46 GMT
    House and Senate leaders say lawmakers have reached a compromise on legislation that would make Duke Energy curb pollution from its 33 coal ash dumps.
    House and Senate leaders say lawmakers have reached a compromise on legislation that would make Duke Energy curb pollution from its 33 coal ash dumps.
  • Breakaway Republicans block NC incentives bill

    Breakaway Republicans block NC incentives bill

    Tuesday, August 19 2014 2:56 PM EDT2014-08-19 18:56:39 GMT
    File PhotoFile Photo
    A cadre of Republicans in the North Carolina House broke ranks with their leadership to vote down a sweeping economic incentives and tax bill.
    A cadre of Republicans in the North Carolina House broke ranks with their leadership to vote down a sweeping economic incentives and tax bill.
  • Romney headlining Tillis fundraiser in Charlotte

    Romney headlining Tillis fundraiser in Charlotte

    N.C. House Speaker Thom Tillis is challenging Democratic U.S. Senator Kay Hagan for her seat this fall.N.C. House Speaker Thom Tillis is challenging Democratic U.S. Senator Kay Hagan for her seat this fall.
    Mitt Romney is appearing at a fundraiser in Charlotte for Republican U.S. Senate candidate Thom Tillis.
    Mitt Romney is appearing at a fundraiser in Charlotte for Republican U.S. Senate candidate Thom Tillis.
Powered by WorldNow

1205 Front St., Raleigh
N.C., 27609

Telephone: 919.836.1717
Fax: 919.836.1687
Email: newstips@wncn.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.