SB 75; 3R - Constitutional Amendment to Cap State Income Tax Rate at 5.5%

This bill would place on the November, 2018 ballot a vote to change the state constitution’s current cap on the income tax rate of 10% down to 5.5%. The current flat personal income tax rate is 5.499% and the corporate income tax rate is 3%.

Civitas Action believes in strongly protecting North Carolina taxpayers against future legislatures’ desire to raise taxes to fuel their spending habits. The conservative vote is yes.

Senate: 3R, RCS #20 (36-13)