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.
CONST. AMD. - MAX. INCOME TAX RATE OF 5.5%.
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| View NCGA Bill Details | 2015-2016 Session |
AN ACT TO AMEND THE NORTH CAROLINA CONSTITUTION TO PROVIDE THAT THE MAXIMUM TAX RATE ON INCOMES CANNOT EXCEED FIVE AND ONE-HALF PERCENT.Intro. by Rucho, Rabon, Tillman.
Status: Re-ref Com On Rules and Operations of the Senate (Senate Action) (Jun 24 2016)
Bill History:
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Thu, 5 May 2016 Senate: Filed
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Mon, 9 May 2016 Senate: Passed 1st Reading
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Mon, 9 May 2016 Senate: Ref To Com On Finance
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Tue, 14 Jun 2016 Senate: Reptd Fav
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Wed, 15 Jun 2016 Senate: Withdrawn From Cal
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Wed, 15 Jun 2016 Senate: Placed On Cal For 06/25/2016
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Fri, 24 Jun 2016 Senate: Withdrawn From Cal
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Fri, 24 Jun 2016 Senate: Re-ref Com On Rules and Operations of the Senate
S 817
Bill Summaries:
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Bill S 817 (2015-2016)Summary date: May 5 2016 - View Summary
View: All Summaries for Bill