Wilmington HotelsWilmington AdvertiseWilmington AttractionsWilmington BeachesWilmington Business DirectoryWilmingtonWilmingtonWilmington GolfWilmington JobsWilmington NewsWilmington DiningWilmington Weather
     

 

 

Wilmington, NC News

  Free Wilmington Travel Guide!

Lawmakers return to NC capital to talk sales tax

Video

Body

RALEIGH — The House and Senate are getting back to work on whether they can agree to an overhaul of North Carolina’s tax structure next year.

Members of the finance committees in both chambers scheduled to hold a joint meeting Tuesday.

Democratic leaders at the General Assembly worked unsuccessfully during this year’s legislative session to fashion a plan to lower tax rates and increase the number of items subject to taxation.

Instead, they raised about $1 billion in new taxes to close a new revenue gap.

Proponents of sales tax changes contend an overhaul would ultimately tap into North Carolina’s shifting service-oriented economy.

An agreement isn’t immediately on the horizon. Lawmakers will hear presentations Tuesday on the history of the sales tax and current exemptions.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

Story image

Story summary

The House and Senate are getting back to work on whether they can agree to an overhaul of North Carolina’s tax structure next year.

Story summary image

Associated poll

More: continued here

Be Sociable, Share!
 

Archives

News provided by WWAY NewsChannel 3 and the StarNewsOnline

|Home| |Events| |Attractions| |Accommodations| |Restaurants| |Golf| |Beaches| |Jobs| |Getting Here| |Climate| |Directory| |News| |Advertise| |Contact Us|

 
 
  Welcome to Wilmington, North Carolina