Addressing the N.C. Chamber of Commerce Government Affairs Summit, State Senate leader Phil Berger, R-Rockingham, said the more than $4.5 billion surplus tax revenue North Carolina has in its coffers is both a “blessing and a curse.” Berger stated the $4.5 billion in surplus revenue does not include another $5 billion in federal COVID relief...
The vape tax disappeared by the time its mini-budget made it to the House floor. The House Finance Committee sprung an amendment that would tax e-cigarette and vapor products on Senate Bill 557 in committee, Wednesday, Oct. 30. The amendment cleared the Finance Committee that morning with strong support, but was scrubbed in the House...
State legislators have sent a tax on vaping to the House. The House Finance Committee amended a mini-budget, Senate Bill 557, Wednesday, Oct. 30, to raise the tax on vaping and send part of the tax revenue toward the Tobacco Use Prevention Fund. Representatives called the tax the “first step” in tackling the vaping crisis....
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