North Carolina House Republicans presented Monday afternoon their proposed budget for the next two years. In total, the budget spends $20.6 billion.
“In the first year we spend around $12 million less than the Senate and around $188 million less than the governor,” said Rep. Nelson Dollar, the chairman of the House Appropriations Committee.
Proposals to overhaul North Carolina's tax code could discourage people from giving to charities, turn nonprofits into tax collectors, and make it more difficult for some organizations to provide services. Those are a few concerns the N.C. Center for Nonprofits raised Monday.
The North Carolina House tentatively passed its version of a tax overhaul Friday. The Republican bill is one of three major tax overhauls the General Assembly is considering.
Republicans and some Democrats in the state legislature agree North Carolina needs to do something about its tax code. The current one is based off a model from the Great Depression, and it includes the highest income tax rates in the Southeast.
WFAE's Mark Rumsey and Michael Tomsic discuss the bills to overhaul North Carolina's tax code.
North Carolina lawmakers and Governor Pat McCrory are considering three different bills to overhaul the state's tax system. Republican leaders in the Senate introduced the latest and most ambitious one Thursday. There's also a bipartisan Senate plan and a Republican House plan.
