Repeals Section 42.2 of SL 2021-180, which phased out the corporate income tax beginning in 2025 until it reached 0% in 2029.
Appropriates $50,000 from the General Fund to the Department of Revenue to notify corporate taxpayers of the change.
ELIMINATE PHASEOUT OF CORPORATE INCOME TAX.
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| View NCGA Bill Details | 2021 |
AN ACT TO MAINTAIN THE CORPORATE INCOME TAX AT THE CURRENT RATE.Intro. by Nickel, Murdock.
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S 896
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Bill S 896 (2021-2022)Summary date: May 31 2022 - View Summary
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