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Top NC court offers Revenue Department mixed ruling on prepaid cards
The North Carolina Revenue Department suffered a partial setback Friday at the state’s highest court, in a tax dispute involving prepaid cards.
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11 new state laws taking effect July 1
Eleven different pieces of legislation passed during the North Carolina General Assembly’s 2023-2024 session and sections of the bills are going into effect on July 1 as legislators conclude most business for the year.
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Former HR director for NCDOR arrested for allegedly trying to meet a teen for sex
A longtime North Carolina state employee was arrested on June 9 in Long Beach, California.
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Sports betting activity down in NC in May
May was another busy month for sports betting as North Carolinians wagered over $525.5 million, according to a report released by the North Carolina State Lottery Commission.
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North Carolina rises to 5th most visited state with $35.6 billion tourism record
North Carolina was the fifth most visited state for tourism in 2023, up from sixth place in 2022. That’s according to research commissioned by Visit North Carolina, part of the Economic Development Partnership of North Carolina, and conducted by Tourism Economics.
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Place Your Bets: Over $659 million wagered in first 3 weeks of NC sports betting
North Carolinians wagered over $659 million in the first three weeks that sports betting became legal in the state. That’s according to a report released Tuesday by the North Carolina State Lottery Commission.
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North Carolina’s sports betting debut shows promise amidst compliance focus
Sports betting is off to a strong and smooth start in North Carolina. During a meeting Wednesday of the Sports Betting Committee of the North Carolina State Lottery Commission, Sterl Carpenter, deputy executive director of gaming compliance and sports betting, told the committee that all reports from the eight operators that went live on March 11 have been positive.
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NC Revenue Department disputes Philip Morris’ arguments in $8.7M tax dispute
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.
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Revenue Department faces courtroom loss in renewable tax credit dispute
The N.C. Department of Revenue faced a legal setback last month in an ongoing fight over renewable energy tax credits. The state’s top administrative law judge rejected the department’s attempt to deny credits to a renewable energy investor. The decision from Chief Administrative Law Judge Donald van der Vaart arrived Sept. 23 in a case...
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Mini-budgets advance through the General Assembly
Lawmakers spent Tuesday, Oct. 8, advancing four mini-budget plans as the budget veto stalemate drags on into another month. Gov. Roy Cooper vetoed the $24 billion budget June 28. The N.C. House overrode the veto, but the Senate has yet to try. In lieu of a full budget, Republican lawmakers have pushed forward mini-budgets to...
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Financing company sues N.C. Revenue Department for rejecting solar tax credits
The dispute between solar energy finance companies and the state’s revenue department has reached court. Georgia-based Monarch Tax Credits filed a lawsuit Thursday, Sept. 26, in Wake County Superior Court against the N.C. Department of Revenue and its secretary, Ronald Penny. The lawsuit claims NCDOR is breaking N.C. law in rejecting state tax credits claimed...
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Financing company challenges revenue department’s tax-credit rejection
A major solar energy financing company says the N.C. Department of Revenue may be breaking the law. The company has formally asked DOR to justify a regulation rejecting state tax credits the company’s clients have claimed. The request came Aug. 1 from Monarch Tax Credits, a Georgia-based company that facilitates investments in renewable energy, historic...
