NC Senate expected to take final tax overhaul vote - WSLS 10 NBC in Roanoke/Lynchburg Va

NC Senate expected to take final tax overhaul vote

Posted: Updated:
RALEIGH, N.C. -

The North Carolina Senate is set to pass tax overhaul legislation that gradually repeals corporate taxes and lowers individual income rates.

The Senate is scheduled to vote Tuesday on a plan that tentatively passed last week mostly along party lines. The plan cuts taxes by billions but doesn't include a major rewrite of the sales tax code, which led the author of a more comprehensive plan to resign his post as Senate finance co-chairman in protest.

The plan has been attacked from the right as not far-reaching enough and from the left as a major drain on state resources.

Senate lawmakers will likely have to meet with their House counterparts to reach a compromise on their separate tax plans.

  • PoliticsMore>>

  • Week of protests to wrap up at NC Capitol

    Week of protests to wrap up at NC Capitol

    Thursday, August 28 2014 7:13 PM EDT2014-08-28 23:13:38 GMT
    A coalition led by North Carolina's NAACP is wrapping up a week of demonstrations at the state capitol with a rally for voting rights.
    A coalition led by North Carolina's NAACP is wrapping up a week of demonstrations at the state capitol with a rally for voting rights.
  • Tillis to highlight NC teacher raises in TV ad

    Tillis to highlight NC teacher raises in TV ad

    Thursday, August 28 2014 7:11 PM EDT2014-08-28 23:11:43 GMT
    House Speaker Thom Tillis will highlight teacher pay raises approved by the North Carolina legislature this year in a television ad to first air on the eve of his first U.S. Senate debate with Democratic incumbent Kay Hagan.
    House Speaker Thom Tillis will highlight teacher pay raises approved by the North Carolina legislature this year in a television ad to first air on the eve of his first U.S. Senate debate with Democratic incumbent Kay Hagan.
  • Radio ads praise NC lawmakers for fracking votes

    Radio ads praise NC lawmakers for fracking votes

    Wednesday, August 27 2014 9:44 PM EDT2014-08-28 01:44:36 GMT
    The energy industry is thanking several North Carolina lawmakers who supported fracking legislation with radio ads in their districts as elections approach.
    The energy industry is thanking several North Carolina lawmakers who supported fracking legislation with radio ads in their districts as elections approach.
Powered by WorldNow

WSLS 10, P.O. Box 10
Roanoke, VA 24022-0010

Telephone: 540.981.9110
Fax: 540.343.3157
Email: news@wsls.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.