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North Carolina tax reform caps home mortgage and state taxes
State lawmakers approved a reform package affecting personal income, estate and corporate taxes. A $20,000 cap on mortgage interest and property tax deductions may modestly slow housing growth, while corporate rates fall from 6.9 to 6 percent in 2014 and to 3 percent if revenue targets are met by 2017, with mixed impact on business location decisions.
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North Carolina
Mike Walden
North Carolina State University
Walden
North
South Carolina