Civitas Review

  1. none
    Jan
    13

    Tax Foundation to NC Legislators: Expand Sales Tax Base, Eliminate Tax on Capital Stock

    Posted in Budget & Taxes By Brian Balfour | Tagged , , , ,

    From the N&O: Legislators heard a call Tuesday to further expand sales taxes and eliminate the capital stock tax – a conservative think tank’s proposal for continuing the state’s tax code overhaul.       The Tax Foundation, based in Washington, D.C., presented its report on North Carolina’s business tax climate, painting a rosy picture […]

  2. none
    Sep
    28

    Were the State Bond and Corporate Welfare Bill Bargaining Chips for Income Tax Cut?

    Posted in Budget & Taxes, Civitas Review By Brian Balfour | Tagged , , ,

    There has been much written about the tax changes included in this year's final budget bill. Most notable among the changes were a decrease in the personal and corporate income tax rates, the creation of a new historic preservation tax credit, a shift in the formula for corporate taxes to a single sales factor, and […]

  3. none
    Sep
    16

    Sales Tax Distribution Proposal Explained

    Posted in Budget & Taxes, Civitas Review By Brian Balfour | Tagged , ,

    Included in the state budget proposal being voted on this week is a provision to expand the sales tax base and alter how the local portion of the sales tax revenue is distributed among the counties.  At issue, more specifically, is how to distribute the additional revenue projected to be collected by the proposed expanded […]

  4. none
    Mar
    24

    Senate Sales Tax Redistribution Plan: Are Rural County Schools Really Under-funded?

    Posted in Budget & Taxes, Civitas Review By Brian Balfour | Tagged ,

    As hinted at last week, the Senate yesterday introduced legislation that would alter how sales tax revenue is distributed to counties across the state. At a press conference yesterday, Sen. Majority leader Harry Brown discussed the reasoning: We're talking about a system that been in place for a long, long time that I think is […]

  5. none
    Mar
    16

    NC Senate Introduces Plan to "Redistribute" Sales Tax Revenue

    Posted in Budget & Taxes, Civitas Review By Brian Balfour | Tagged ,

    A plan is emerging in the Senate to re-work the formula for how sales tax revenue are distributed in NC. Some of the details: Leaders in the state Senate are crafting a plan that would shift millions in sales tax revenues from urban and coastal counties to more rural areas across North Carolina, according to […]

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