News

NCInnovation faces scrutiny over tax filings as $13 million in grants approved

NCInnovation, a nonprofit that has received hundreds of millions in taxpayer funds to spur commercialization of public university research, amended a key tax document after failing to indicate a previously made IRS election on its 2023 Form 990, one that could shield it from potential lobbying violations.

Donna King
News

Insurance premiums could rise if Cooper keeps denying tax credits

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...

Don Carrington
News

Is Cooper’s revenue department rejecting legitimate tax credits?

Gov. Roy Cooper, an advocate for renewable energy whose family leases land for solar farms, is denying tax credits for solar energy investments. Investors could lose as much as $500 million they were expecting from the state, one tax lawyer told Carolina Journal. Cooper’s Department of Revenue is basing the decision on a faulty interpretation...

Don Carrington

Help Support Non-profit Journalism & Donate Today

News

Bill to strengthen alcohol enforcement moves to House

A bill to strengthen permitting rules for selling alcohol and the ability of law enforcement to crack down on violators has unanimously passed the N.C. Senate. Sen. Andy Wells, R-Catawba, introduced Senate Bill 11, in large part because of a spate of shootings and killings outside three Catawba County bars between April 2017 and April...

John Trump
News

Federal tax cut will help N.C. craft alcohol producers but, they say, much work remains

Much of the reporting on the recently passed Tax Cuts and Jobs Act has been cluttered with moans, groans, and general derision. But the act includes provisions that, until now, were talked about mainly within their respective circles of interest. Provisions that reduce taxes for entrepreneurs struggling to climb a hill pockmarked with rules and...

John Trump
News

Feds keep recipients of tax credit confidential

  The federal government issued tax credits in North Carolina approaching a half-billion dollars for renewable energy investment in the five most recent years for which records are available, and high-income earners have benefited the most from the tax favors. But the names of beneficiaries of that $466,928,000 in carve-outs from 2009 to 2013, the...

Dan Way
News

Union Probe Could Include NCAE

RALEIGH — Landmark Legal Foundation may be looking for new targets in its campaign to bring federal heat on teachers unions that illegally use member dues to fund political activities. Having investigated the powerful National Education Association since the mid-1990s, Landmark may soon be shifting its focus to some of the NEA’s local and state affiliates such as the North Carolina Association of Educators. The NCAE has been mentioned in several of Landmark’s federal complaints, such as an account of a 1999 general conference in which then-NEA President Bob Chase congratulated the NCAE for helping to unseat former Republican Sen. Lauch Faircloth and elect Democrat John Edwards.

Bob Fliss