North Carolina Senate Introduces 2019 Tax Bill

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By: Smith Anderson.

On April 3rd, the Senate released its 2019 tax plan – Senate Bill 622. If enacted, the bill would make important tax changes for businesses, including a phased reduction of the franchise tax rate, implementation of market-based sourcing and decoupling from a provision of the 2017 federal Tax Cuts and Jobs Act (TCJA) that taxes incentive grants to corporations. Read more.

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