Democrats, advocates want North Carolina corporate tax retained
RALEIGH, N.C. — Democratic lawmakers and advocacy groups called Monday for blocking the planned elimination of North Carolinas corporate income tax, arguing that companies that benefit from operating in the state should pay a proper share for necessary public services. Prospects are low for passage of identical House and Senate legislation that would retain the states current 2.5% corporate rate — an idea that also was proposed in Democratic Gov. Roy Coopers budget proposal last week. The Republican-controlled legislature passed a budget law in 2021 that directs the corporate income tax be phased out by 2030, starting with a decline to 2.
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