sales tax

Trade turbulence threatens NC tax reform

Across-the-board tariffs and the uncertainty they create undermine that stability, making it harder for state budget writers to project revenues and plan responsibly.

Donald Bryson

Bill would raise sales tax in Charlotte for transit system funding

North Carolina Senate Bill 145 would use a one-cent sales tax hike to advance funding for Charlotte’s expanding transit system.

Nick Craig

Local government causes stir with public support for tax increase referendum

A recent social media post by the town of Cornelius has caused in a stir in Mecklenburg County, as some believe local municipalities are expressing public support for a proposed one cent county sales tax increase referendum, conduct which may violate state law. The referendum may also appear on the ballot next year. At a board meeting...

Zach Rounceville

Prepaid card tax dispute over $516,000 heads to top NC court

The North Carolina Supreme Court wrestled Tuesday with a case pitting the state Revenue Department against a business that sold prepaid cards that could be used for wireless phone service. The dispute involves more than $516,000 in unpaid taxes and penalties.

CJ Staff

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Let’s talk taxes — the right way

State and local taxes across the country consume an average of 11.2% of income. North Carolina’s combined tax burden is 9.9%

Cut state tax on capital gains

Over the past decade, the General Assembly has pursued a tax-reform strategy designed to foster growth and expand freedom in the Tar Heel State. North Carolina now has a flat-rate income tax. State taxes on both personal income and retail sales apply lower rates to broader bases. And lawmakers are in the process of phasing...

Sales-tax rules don’t make sense

I think the North Carolina General Assembly deserves loads of credit for making our tax code friendlier to growth, investment, and freedom. In one respect, however, the state still imposes too heavy a load. It requires too many out-of-state retailers to collect and remit sales taxes. Lawmakers ought to fix this problem when they reconvene...

Revenue Department defends legal fight over taxing asphalt equipment

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.

CJ Staff

On tax reform, set firm priorities

Negotiators from the North Carolina House and Senate are current hashing out a compromise budget for the fiscal year that begins in July. One of the sticking points, it seems, is how best to build on the state’s impressive record of tax reduction and reform. Before the Republicans won their legislative majorities in 2010, North...