Needed Relief for Small Business

This week, the North Carolina House of Representatives Finance committee recommended two COVID-19-related bills (H.B. 1034 and H.B. 1039) which focus on small-business loans. Other benefits of the bills include easing unemployment-claim requirements and waiving tax-filing deadlines.

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The ABC Giveth and the ABC Taketh Away. And then the ABC Giveth Back Again

Just a few days after the ceremonial opening of the the 2021 – 2022 Biennium of the North Carolina General Assembly, we learned that more than 120 private bars in North Carolina lost their liquor licenses on January 4 for non-payment. Shot Condemnation of the Alcoholic and Beverage Control (ABC) Commission’s actions was swift. The North Carolina Bar Owners Association

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North Carolinians paid $3,725 per capita in combined state tax levies

North Carolinians paid an average of $3,725 per capita in combined state tax levies (including property, income, and sales taxes), ranking fifteenth of the lowest tax burdens among the fifty states and the District of Columbia, according to the U.S. Census Bureau’s most recent Annual Survey of State and Local Government Finances (2018). According to the U.S. Bureau of Economic

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Despite Ongoing Shutdowns, NC Shows $1.5 Billion in Revenue Gains as Year Comes to a Close

After a drop in revenue (tax and non-tax) of $887.3 million from FY 2019 to FY 2020, figures released in November’s General Fund Monthly Report from the Office of the State Controller show an increase in tax revenue of more than $1.5 billion for the first five months of Fiscal Year 2021, compared to the same period last year (July

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North Carolina Ranked #11 for Economic Freedom

North Carolina ranks eleventh among the 50 states for “economic freedom,” according to the Fraser Institute, a non-partisan and highly-respected Canadian think tank. Included alongside its 25th annual “Economic Freedom of the World,” widely considered the world’s foremost measurement of economic freedom, is the sixteenth annual “Economic Freedom of North America,” which ranks the component states and provinces of the

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