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
    Dec
    17

    Obamacare Medical Device Tax to be Scrapped?

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

    Let's hope so. From the N&O: A proposed Affordable Care Act tax freeze affecting nearly 100 North Carolina manufacturers would keep millions of dollars in the state over the next two years if Congress passes this week’s negotiated budget deal.    Some in Congress have had an eye on axing the ACA’s medical device manufacturing […]

  3. none
    Nov
    17

    Where Does NC's Tax Climate Rank This Year?

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

    The Tax Foundation today released its new 2016 State Business Tax Climate Index. True to its name, the Index ranks the 50 states according to how conducive each state's tax code is to job creation and economic growth.    North Carolina holds steady at 15th in the 2016 rankings, the same slot as 2015. This […]

  4. none
    Nov
    13

    $600 Million Tax Cut Coming to NC Job Providers in 2016

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

    From WUNC State officials are celebrating a $1 billion surplus in the North Carolina unemployment trust fund. The Wednesday announcement represents a significant swing from just two and a half years ago when the state owed the federal government $2.8 billion. This past May, the state paid down its debt a year before the due […]

  5. 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 […]

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