Planned tax cut would save NC businesses $250M
Story Date: 4/18/2019

 

Source: Travis Fain, WRAL, 4/17/19

 A major tax cut working its way through the legislature would save businesses about $250 million a year.
Senate Bill 622 would also cut personal income taxes by increasing the state's standard deduction, a tactic the Republican-controlled legislature has used several years running to lower taxes.
The measure also includes language meant to help the state collect more than $100 million a year in internet sales taxes...

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