Category Archives: Uncategorized

Category: Uncategorized NC’s Corporate Income Tax is Nation’s Lowest February 1, 2023

A new report by the Tax Foundation finds that North Carolina’s 2.5% corporate income tax is now the lowest in the nation. All told, 45 states (and the District of Columbia) levy corporate income taxes while six do not. New Jersey has the highest rate of corporate income tax at 11.5%. Of those six states that do not levy a

House Committee Assignments Announced January 21, 2023

House Speaker Tim Moore announced the composition of 44 committees and subcommittees last week for the 2023 ‘long session.’ Each legislator is assigned to one or more committees, depending on their interests, background, and areas of expertise. The lion’s share of the legislature’s work is done in committee meetings, and many committees continue their work throughout the year — even when

The House Will Come to Order January 17, 2023

History was made in Raleigh last week as the 156th Biennium Session of the North Carolina House of Representatives convened for its opening day. Representative Tim Moore was elected by acclamation for his fifth term as Speaker, making him North Carolina’s longest-serving Speaker of the House. “During his tenure as Speaker,” said Representative Jimmy Dixon in his speech nominating Moore, “Tim Moore has shown

The State of the State is Pretty Darn Great January 10, 2023

A new year, another win for the Old North State. After a record number of new jobs and capital investments, Business Facilities has named North Carolina its “State of the Year” for 2022. The magazine is a leading publication specializing in executive recruiting and business site selection, targeted to economic development professionals. It is the second time in as many years

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