News
Top NC court offers Revenue Department mixed ruling on prepaid cards
The North Carolina Revenue Department suffered a partial setback Friday at the state’s highest court, in a tax dispute involving prepaid cards.
Opinion
Republicans, Democrats split in NC Supreme Court tax ruling
The North Carolina's high court majority critiqued state Revenue Department bureaucrats for their actions in a tax dispute with Philip Morris.
News
State Supreme Court sides with Philip Morris in fight over $8.7 million tax bill
The North Carolina Supreme Court has ruled in favor of Philip Morris in the tobacco company’s legal battle with the state Revenue Department over an $8.7 million tax bill. The decision Friday split the court, 5-2, along party lines. The dispute involved export tax credits Philip Morris claimed on tax returns dating back a decade.
News
State Supreme Court rules against Revenue Department in machinery tax exemption dispute
A unanimous state Supreme Court has upheld a lower court ruling against the state Revenue Department in a dispute over a tax exemption for machinery purchased to make asphalt. In an unsigned opinion Thursday, justices endorsed the state Business Court’s January 2023 decision in the dispute between the Revenue Department and contractor FSCII.
News
State’s high court wrestles with Revenue Department tax exemption dispute
The North Carolina Supreme Court will decide in the months ahead whether a business qualified for a tax exemption from 2012 to 2014 for machinery it purchased to make asphalt. The business and the state Department of Revenue are locked in a dispute over the issue. The parties spent nearly an hour Tuesday morning haggling over the exemption during oral arguments before the high court.
News
State Supreme Court to tackle tax dispute over wireless retailer’s prepaid cards
The North Carolina Supreme Court will decide in the months ahead whether a cell phone retailer should have collected sales tax on its prepaid cards from 2016 through 2018. The dispute involves more than $516,000 in unpaid taxes and penalties.
News
Tax collections could lead to $700 million windfall for N.C.
A $470-million surge in April tax collections could push the state budget surplus to more than $700 million. Barry Boardman, chief economist for the General Assembly’s nonpartisan Fiscal Research Division, in a Monday, May 6, email alerted legislative leaders of both parties, House, and Senate budget writers. He called it extraordinary, unexpected revenue. Final individual...
News
Large Families Singled Out for State Audits
RALEIGH — The North Carolina Department of Revenue has a surprise for large families this tax season — an audit. Some who got the notice from a state tax auditor feel it’s a way for the state to hold on to their money as long as possible instead of sending them a timely refund check.
News
State Tax Endorses Disobedience
RALEIGH — One way to reduce North Carolina’s estimated $1.5 billion budget deficit is to generate more revenue, while maintaining current spending levels. While perusing the state Department of Revenue Web site, a reader can find a little-known revenue-generating item that begs to be exploited. Since 1990, North Carolina has used an excise tax for certain unauthorized substances such as “any controlled substance (marijuana, cocaine, etc.), illicit spirituous liquor (“moonshine”), mash and illicit mixed beverages.” In some twisted way, the state, by taxing an outlaw, is endorsing disobedience.
