CCH Tax Day Report
The North Carolina House of Representatives is considering Senate legislation that would amend the North Carolina Constitution to reduce the maximum personal income tax rate from 10% to 5.5%. If the measure is approved by 60% of the members of both houses of the General Assembly, it would be submitted to North Carolina voters at the general election held on November 6, 2018. If voters approve the amendment, it would become effective on January 1, 2019.
S.B. 75, as passed by the North Carolina Senate on March 14, 2017