State and Local

Cut the Knot of Corporate Tax


According to the Triangle Business Journal, special state tax credits for renewable energy, research & development, and capital purchases reduced North Carolina’s corporate-tax collections by nearly a quarter of a billion dollars last year.   They are not the only ones. North Carolina’s tax code is riddled with special credits, exemptions, and other preferences – many of them intended to make the state more competitive in national and international markets.  Read more at CarolinaJournal.com

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