North Carolina Senator Pushes 90 Percent Intangibles Tax Cut
State Senator Harry Buchanan proposes a 90 percent cut on deposited money intangibles tax and a 50 percent reduction on stocks and bonds levies. He argues the plan would attract new industry, create an $8.5 million equalization fund, and keep retirees from relocating to Florida, boosting state revenues overall.
MENTIONED IN THIS ARTICLE
Noel Yancey
Associated Press
Raleigh
Harry Buchanan
Henderson
North Carolina
Buchanan
Sandhills
Florida
Pay Raises For Justices Proposed in North Carolina
North Carolina Supreme Court justices would gain sizeable pay raises under a bill backed by Gov. Dan Moore. Chief justice would rise from 24000 to 28000 dollars and associate justices from 23000 to 27000, as recommended by the governor and the advisory budget commission. The measure advances alongside actions to formalize the governor’s law and order committee as a permanent state agency and to seek federal matching funds under the Highway Safety Act of 1966.
MENTIONED IN THIS ARTICLE
Advisory Budget Commission
House
Senate
Senate Veterans and Military Affairs Committee
Senate Finance Committee
Geraldine Nielson
R-Forsyth
Harry Bagnal
John L. Osteen
R-Guilford
Jesse H. Austin
D-Johnston
Oldest Navy Shipyard Founded in 1767 at Norfolk
The Norfolk Naval Shipyard is described as the oldest in the United States, founded in 1767, 31 years before the U S Navy Department.
MENTIONED IN THIS ARTICLE
Norfolk Naval
United States
U. S. Navy Department
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DEROG
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College Village
Eckerd
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Eckerd’s
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KODAK
Woodbury
Colgate
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Johnsons
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Melss OU
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Naval Shipyard