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Individual income taxes would fall again, the corporate rate would be eliminated over time and $1 billion in federal aid would be earmarked for pandemic relief to businesses and nonprofits in legislation given initial approval Wednesday by the state Senate.
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A new analysis of corporate earnings finds that Duke Energy is among at least 55 large publicly traded U.S. companies that paid no federal income tax in 2020, a year in which it turned a more than $1 billion profit.
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A key North Carolina state senator says Republicans in the chamber will pitch additional individual income tax reductions this spring.
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North Carolina tax filers will get another month to complete their individual state returns, in keeping with the IRS decision to push its April 15 deadline back to May.
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It is the second consecutive year the agency has given taxpayers more time to file their returns because of the coronavirus pandemic.
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RALEIGH — North Carolina income tax filers will get more generous breaks on their returns soon but could pay more upfront sales taxes for online purchases…
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COLUMBIA, S.C. — More than a year after someone in South Carolina won an $878 million lottery jackpot, 1.2 million of the state's taxpayers are getting…
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On Wednesday the North Carolina Senate passed a tax cut bill with a catchy name. This vote was never in doubt. The bill passed the House Tuesday in a…
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It's tax time in Raleigh. No, the General Assembly has not moved up your filing deadline, you've still got until April 15 to get your taxes done.But this…
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The state House of Representatives gave final approval Wednesday to a bill that would return local judgeship elections to partisan races. Meanwhile, a…