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.
The N.C. Revenue Department argues in a state Supreme Court filing that tobacco manufacturer Philip Morris is misreading state law while trying to avoid an $8.7 million tax bill. The Richmond, Virginia-based company argues that it’s entitled to take $7.2 million in tax credits. The department disagrees.
Groups representing manufacturers, small businesses, and more than 500 large corporations hope the U.S. Supreme Court will take the case of a sales tax dispute from North Carolina. The nation’s highest court will make its decision about accepting or rejecting the case no earlier than mid-May.
A national group of tax lawyers wants the U.S. Supreme Court to take a case from North Carolina dealing with sales taxes on out-of-state transactions. The case stems from a Wisconsin-based company's fight against a sales tax assessment from N.C. revenue officials.
A company fighting the N.C. Department of Revenue over sales tax on out-of-state transactions hopes to take its case to the U.S. Supreme Court. The company wants the nation’s highest court to reverse a December ruling from North Carolina’s top court.
Tax season in North Carolina won’t open until Feb. 28. Changes in the tax law, part of the state’s $25.9 billion spending plan passed last year, have delayed the Department of Revenue from finalizing certain tax forms, the department says. This also includes updates for tax systems and approval of tax preparation software. “Accurately processing...
North Carolina life insurance customers may pay higher premiums unless the Cooper administration reverses course on renewable-energy tax credits. That’s what the American Council of Life Insurers said in an Aug. 28 letter to Ronald Penny, Gov. Roy Cooper’s revenue secretary. ACLI regional Vice President Curtis Leonard said the Department of Revenue’s September 2018 decision...
Benefit or boondoggle? That’s the billion-dollar question. North Carolina surpassed the $1 billion mark in renewable energy investment tax credits issued in 2018 — three years after the lucrative subsidy program to stimulate solar development expired. Taxpayers have picked up the bill, and could be on the hook for hundreds of millions of more tax...
Editor’s note: This story was updated Friday, Aug. 10, to include a response from Department of Revenue spokesman Schorr Johnson. The state Department of Revenue is gearing up to assess sales taxes on more out-of-state online retailers who make sales to North Carolina residents. But it’s unclear whether the department has the legal authority to...
Terry Stoops on Gov. McCrory's teacher pay plan; legislators debate how privilege taxes imposed by local governments; Charlie Helms on collecting N.C. taxes; Mark Cares on working in shale oil industry; Sarah Curry on possible regulation of wood stoves
