AN ACT TO AMEND THE NORTH CAROLINA CONSTITUTION TO PROVIDE THAT THE MAXIMUM TAX RATE ON INCOMES CANNOT EXCEED SEVEN PERCENT.
House committee substitute makes the following changes to 2nd edition. Subject to approval by voters, amends Section 2 to Article V of the North Carolina Constitution by setting the maximum income tax rate at 7% (previously 5.5%). Amends the question to be used in the voting systems and ballots to state that this is a Constitutional amendment. Makes conforming changes.
Amends titles as indicated.