From Carolina Journal Radio Program No. 735: North Carolina lawmakers continue to wrestle with the best way to handle taxation of sales made over the internet. One idea under discussion would force online vendors to collect sales tax in North Carolina if they have gross sales of at least $100,000 or at least 200 transactions within the state during the course of the year. You’ll hear highlights from a Senate committee debate on the issue.
State forecasts $1.4 billion budget surplus
The North Carolina General Assembly's Fiscal Research Division projects that while inflation and interest rates are still up, the state will have $400 million over in collections in the current fiscal year and $1 billion additional revenue coming into the state coffers in FY 2024-25.