After a week off, the General Assembly was back in session this week to continue work on several issues as a possible end to the session draws closer. Several weeks ago, the Senate said it intended to finish business by the end of October, now just a week away.
Senate action on the motion to override the Governor’s veto of the budget bill was not one of the items on the agenda this week, but both chambers continued work on “mini budgets.”
State and Legislative Issues
- House Bill 399 received final approval in the House and Senate this week and will now move to the Governor. The bill passed with strong bipartisan support in both chambers. The Governor is expected to sign it. The bill includes several non-controversial tax provisions, including the extension of three provisions that were set to expire this year and some changes needed due to changes in federal law.
- Senate Bill 557 cleared the Senate on Thursday. This bill would increase the standard deduction for personal income taxes, change the way income is apportioned for corporate tax purposes, and require marketplace facilitators (such as Amazon and eBay) to collect sales and use tax due on items sold on their platforms. Except for a few technical corrections, the bill mostly contained items previously included in the vetoed budget bill.
- Senate Bill 578 also cleared the Senate on Thursday. This was the most controversial of the three bills as the primary provisions in the bill dealt with a significant reduction in the corporate franchise tax. This issue has been cited repeatedly by the Governor as one of the reasons for his veto of the budget bill.
North Carolina Republicans are working to cut this tax on businesses (Raleigh News & Observer)
- North Carolina needs a budget or Medicaid overhaul would be delayed, lawmakers told (Raleigh News & Observer)
- North Carolina the first in the country to file lawsuits against e-cigarette companies (WRAL)
- In North Carolina, an ‘antique’ car doesn’t have to be as old as it used to (Charlotte Observer)
- Redistricting fights fuel reform talk (WRAL)
- NAACP president and others urge Roy Cooper to fire NC elections chief (Charlotte Observer)
- A ‘daunting’ billion-dollar puzzle. New Charlotte light rail funding faces debate. (Charlotte Observer)