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.
Read MoreLegislation has been introduced in the General Assembly that doubles taxes on businesses and eliminates the state’s flat tax. House Bill 556 (and its companion bill in Senate, S710) turns back the clock nearly a decade to a tax code which dates from the Depression-era 1930s, when tobacco and textiles were the primary drivers of North Carolina’s economy. Background In
Legislation has been introduced this session to reinstate North Carolina’s Earned Income Tax Credit (EITC), which was ended on January 1, 2014 as part the historic conservative Tax Reform package that was passed in 2013. Despite its innocuous name, this idea is simply another government handout with serious and significant consequences for the state. Senate Bill 181 and House Bill
A week and a half ago, an overwhelming majority of the House approved bipartisan legislation asking voters to strengthen North Carolina’s private property rights. House Bill 271 calls for a referendum to be placed on the 2022 general election ballot proposing a constitutional amendment which would add a new section to the state constitution’s “Declaration of Rights” clarifying and limiting
(Wednesday, March 31, 2021) After a contentious floor debate this afternoon, the House approved legislation clarifying the manner in which North Carolina’s governors may exercise certain authority granted them by the North Carolina Emergency Management Act. House Bill 264 passed 69 to 50, along party lines. The North Carolina Emergency Management Act, a law first passed in 1977, allows the
