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House Approves 31.6 Million NC Tax Cut Plan
The North Carolina House passed a 31.6 million dollar tax reduction package, sending it to the Senate for review. The measure credits inventory taxes against state income taxes starting at 20 percent and rising to 100 percent over five years, with exemptions boosting relief for low income and retired taxpayers.
MENTIONED IN THIS ARTICLE
North Carolina House
Senate
Liston Ramsey
D-Madison
House Finance Committee
Jim Holshouser
House
Russell Kirby
D-Wilson
Senate Finance Committee