Includes whereas clauses.
Amends GS 105-130.3 by removing the phase out of the corporate income tax that was to happen from 2025-2029, instead setting the tax rate at 2.25%. Effective for taxable years beginning on or after January 1, 2026.
RECOVERY SUPPORT VIA REVENUE STABILIZATION.
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| View NCGA Bill Details(link is external) | 2025-2026 Session |
AN ACT TO REPEAL THE CORPORATE INCOME TAX PHASEOUT.Intro. by Lopez, Rubin, T. Brown, Ager.
Status: Ref To Com On Rules, Calendar, and Operations of the House (House action) (Apr 3 2025)
Bill History:
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Wed, 2 Apr 2025 House: Filed(link is external)
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Thu, 3 Apr 2025 House: Passed 1st Reading(link is external)
H 711
Bill Summaries:
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Bill H 711 (2025-2026)Summary date: Apr 4 2025 - View Summary
View: All Summaries for Bill