HB 998 (ACR 2) - Tax Simplification and Reduction Act

Makes numerous changes to NC’s state tax code, resulting in the largest tax cut in state history. Reduces and flattens income tax rates, reduces corporate tax rates, slightly expands the sales tax base, caps the gas tax for another year and repeals the state death tax. Civitas believes the conservative position is to lower taxes and to work toward eliminating biases in the tax code. Such reforms allow people to keep more of what they earn and fosters greater job growth and prosperity.