Bill Summaries: S817 (2015-2016 Session)

  • Summary date: May 5 2016 - View summary

    Subject to approval by voters at the statewide election on November 8, 2016, amends Section 2 to Article V of the North Carolina Constitution by capping the rate on incomes at 5.5% (currently capped at 10%). If approved, effective for taxable years beginning on or after January 1, 2017.