This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
Repeal Fight Grows for North Carolina Inventory Tax
Commerce and Industry officials press repeal of the 12.5 million dollar annual inventory levy citing a 14 to 1 revenue loss ratio for local governments. A 1962 McGee study ties the tax to reduced state and local personal income and potential plant losses, including six major facilities and 15.6 million in inventories. C&I stresses the tax deters new industry while keeping established firms, with state revenue estimates showing possible gains if repealed.
MENTIONED IN THIS ARTICLE
William A. Shires
Raleigh
Commerce and Industry
State Board of Conservation and Development
C&d
C&i
North Carolina
Russ Hanson
Hanson
Lawrence B. McGee
Lina