The North Carolina General Assembly has overridden Gov. Roy Cooper’s veto of the biennium budget bill (TAXDAY, 2017/06/28, S.22), which will reduce corporate income tax rates from 3% to 2.5% and the personal income tax rate from 5.499% to 5.25% for taxable years beginning on or after January 1, 2019. The legislation will also lower […]
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