Source: Matthew Burns, WRAL, 3/14/17

The state Senate voted Tuesday to put a proposed constitutional amendment setting a 5.5 percent limit on the state income tax rate before voters next year.  After the 36-13 vote, Senate Bill 75 moves to the House, where it will need at least 72 votes to pass and go on the November 2018 ballot. Gov. Roy Cooper has no say on proposed amendments.  Current tax rates are 5.499 percent for individuals and 3 percent for corporations. 

For more of this story, click here.