The North Carolina General Assembly voted to override Gov. Roy Cooper’s veto of budget legislation. The legislation updates the IRC conformity date for computing corporate and personal income tax liability and includes many other income tax changes. IRC Conformity The legislation updates the IRC conformity date from January 1, 2017 to February 9, 2018. Sales […]
The post North Carolina Budget Bill Makes Major Tax Changes, Updates Conformity appeared first on Tax & Accounting Blog.