taxes

Mecklenburg County Manager Dena Diorio is recommending a budget that requires a 1.5-cent tax increase and fully covers increases requested by Charlotte-Mecklenburg Schools and Central Piedmont Community College. The property tax increase would mean about $57 more a year for the owner of a median-priced home. It comes in a year when the city of Charlotte is also considering a 1.5-cent property tax increase.

The Buncombe County Tourism Development Authority has $9.5 million to allocate and may use some tourism tax money to support affordable housing projects.

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.

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.

A key North Carolina state senator says Republicans in the chamber will pitch additional individual income tax reductions this spring.

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.

It is the second consecutive year the agency has given taxpayers more time to file their returns because of the coronavirus pandemic.

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…

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…

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…