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Source: John Frank, NEWS & OBSERVER, 5/28/14 To lower local taxes on businesses, state lawmakers may force cities and towns onto a $62 million fiscal cliff. The state Senate on Wednesday voted 37-9 to give preliminary approval to a wide-ranging tax bill that includes a provision to revoke the authority of municipalities to levy privilege taxes on businesses beginning July 1, 2015. For more of this story, click here. |