Legislator Warns Tax Cut Could Cost State Big
Senate Finance subcommittee chair J J Harrington says phasing out the inventory tax could cost North Carolina $100 million to $150 million annually. The House plan would grant credits against state income tax equal to 20 percent of inventory tax payments this year, rising 20 percent yearly to allow full recoupment by year five, plus new tax exemptions for low earners and seniors.
MENTIONED IN THIS ARTICLE
Joel Yancey
Associated Press
Raleighap
Senate
J.J. Harrington
Bertie
Harrington
Subcommittee
Gunfire in Eckerds drug store in Charlotte downtown
A customer greeted another with hello and two shots followed inside Eckerds on Charlotte's main square. The pursued man fled past bystanders, blood spotted the spot, and both men vanished into a nearby parking lot as an off duty officer observed the scene. The incident occurred amid broader debate on phasing out North Carolina's inventory tax with plans ranging from complete abolition in ten years to a 50 percent cut in five years.
MENTIONED IN THIS ARTICLE
Charlotte
Eckerd
Eckerd’s
C.D. Stone
Soldier 18 Strangled at Fort Lewis Under Probe
Pfc. Marilyn June Barrier, 18, a field switchboard operator stationed at Fort Lewis, was found strangled near the post after disappearing Saturday during a field training exercise. An autopsy will be performed as authorities hold a suspect for questioning. the Army would not confirm if the suspect is in uniform.
MENTIONED IN THIS ARTICLE
FT. Lewis
Wash
Marilyn June Barrier
Pfc
Barrier
Fort Lewis
Army
Jonas Ridge
N.C
176Th Signal Co
Insurance rate cut blocked in North Carolina case
A hearing is set in Oxford on a temporary restraining order blocking a more than 10 percent cut in auto liability insurance rates in North Carolina. Superior Court Judge James H. Pou Bailey granted the order at the request of the Rate Administrative Office, while the Department of Insurance seeks its removal. The controversy centers on which policies would be charged the lower rates and the timing of the change amid rising costs and inflation. Twelve insurers joined the Rate Office in pursuing the restraining order.
MENTIONED IN THIS ARTICLE
Raleigh
N.C
Oxford
North Carolina
Superior Court
James H. Pou Bailey
North Carolina Automobile
Rate Office
Ingram
Also Mentioned on This Page
High Point Enterprise
South Carolina
Tennessee
Virginia
Wac
Grubb’s Ford
Hwy
Kernersville, N.C
Board of Education
Board of Elections Office
City-County Bldg
S. Hamilton Street
High Point
Bessie H. Simeon
Ferndale Blvd
Eva A. Robbins
Council St
B.W. Dacknay
Dee
Woodrow Aye
L. Freemty Hill
W. Farriss Tye
Marian G. Mays
W. College
Hattie Leach
Underhill St
Lucille M. Priest
E. Green
Charlotte C. Locke
Wendover
Ruby F. Potts
Clover Drive
Margaret C. Ingram
Hedrick St
Irene B. Kearns
S. Elm St
Miriam Lassiter
Regan St
Eleanor L. Walker
Elm St
Hilda G. Suggs
Connor Place
Ruth M. Luck
Royal Oak Ave
Mary F. Hubbard
Westfield St
Maxine S
French
Central High Gymnasium
Ferndale Junior High School
Kirkman Park School
Emerywood Baptist Educ
Providence St
Montlieu Ave
William Penn High School
Northwood Elem
Johnson Street School
Tomlinson School
Guilford County
S. Main St. Brentweed School
Blair Park
Rouse
Main St. Oak Hill School
VFW
Oak View School
Northeast Junior High School
Allen Jay High School
Presbyterian Home
Oak View Grange Hall Tanyard Rd
Union Hill School
Triangle Lake Road
Board of Elections
Guilford County Board of Elections
C. Patrick Adams
State Department of Insurance
Insurance
John Ingram
Rneben
Davis Patrol & Watchman Service
N. Main
Mann Drug
MANN
Etek ‘Sirloin Tips
Uncle Sam
Perpetual
Feamnings
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