NC Tax Overhaul Soon To Become Law

1:29 PM, Jul 17, 2013   |    comments
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Raleigh, NC -- Tax law changes by the North Carolina legislature are now just one vote away from Gov. Pat McCrory's desk and his expected signature.   

The Republican-led House voted 77-38 Wednesday for a tax overhaul deal it worked out last weekend with Senate GOP leaders and McCrory. The Senate was expected to vote for the last time later Wednesday.   

Individual and corporate income tax rates would be reduced and the sales tax adjusted with in the bill.  

Republicans label the bill a significant step in tax reform. Rep. Bert Jones of Reidsville says passing the measure helps him accomplish what constituents sent him to Raleigh to do.   

Democrats like Rep. Ken Goodman of Rockingham say the bill is not tax reform and would hurt small businesses.

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