Senate Passes Bill to Put Constitutional Amendment to Cap Income Taxes on Ballot…

Excerpt From: PhilBerger.com.

A bipartisan North Carolina Senate passed legislation Tuesday that would let voters choose whether to amend the North Carolina Constitution to keep income taxes low.

If the bill becomes law, voters will consider a constitutional amendment on the November 2018 ballot to lower the maximum personal income tax rate in North Carolina from 10 percent to 5.5 percent. The amendment does not limit the growth of state government spending based on changes in population and inflation – a provision erroneously described by critics as TABOR.

Senate Bill 75 was sponsored by the chairs of the Senate Finance Committee, Sen. Jerry Tillman (R-Randolph), Sen. Tommy Tucker (R-Union) and Sen. Andrew Brock (R-Davie).

Trending: “Controversy” Surrounding UNC-CH Football Coach Larry Fedora is the Epitome of Fake News

READ FULL ARTICLE

 

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

LEAVE A REPLY

Please enter your comment!
Please enter your name here