The NCLBC shall exercise unified political power for the betterment of people of color and consequently, all North Carolinians.

Thursday Wrap: Taxing work

May 16th, 2019

— A slow week at the legislature ended with some tax dealings Thursday.

The House gave final approval to a bill that would give counties flexibility in spending a quarter-cent sales tax that has traditionally been reserved for public transit projects.

Meanwhile, the Senate gave preliminary approval to a package of tax changes, including a big cut in the state’s franchise tax that would help businesses.

Gov. Roy Cooper signed two bills into law. One provides incentives for a foundry to move from Charlotte to a rural county, while the other provides $90 million in disaster funding to the state Department of Transportation to repair roads damaged by hurricanes last year.

Article source: https://www.wral.com/thursday-wrap-taxing-work/18392103/

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