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Source: Colin Campbell, NEWS & OBSERVER, 6/19/17
The final budget compromise announced by House and Senate leaders Monday would sharply cut personal and corporate income taxes – but the new rates won’t kick in until 2019.The tax plan in the budget, which is expected to pass the legislature later this week, would reduce the personal income tax rate from 5.499 percent to 5.25 percent. For more of this story, click here.
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