Tax Cuts Will Boost State’s Business Rankings

RALEIGH — Amid the uncertainty of state budget negotiations, one fact still holds: North Carolina’s corporate tax rates will continue to drop, and those cuts will improve the state's standing in an index from the Tax Foundation in Washington, D.C., ranking state business climates. Once the rates triggered by strong revenue growth take effect, the Tar Heel State will rank 14th nationally, up from 44th in 2012.