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.
The state Revenue Department defends its refusal to grant a “mill machinery” tax exemption in a dispute that has reached North Carolina’s highest court. It’s a case that has attracted interest from the state’s leading business interest group.
Laws and rules must be established before they’re enforced. That’s a crucial component of American government.
The North Carolina Chamber Legal Institute is backing a business taxpayer’s case against the state Revenue Department. The dispute has made its way to North Carolina’s highest court. The NC Supreme Court will decide whether the Revenue Department had legal authority to block a tax credit for a company known as FSC II.
Get Reminded When We Go LIVE on Election Night!
