SB 75; MC - Constitutional Amendment to Cap State Income Tax Rate at 7.0%

SB 75 Constitutional Amendment to Cap State Income Tax Rate at 7.0% 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 7.0%. 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.

HOUSE and SENATE
House: 2R RCS #1278 (73-45)
Senate: MC RCS #775 (34-13)