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Corporate Taxes Economic Development General Assembly

Smith Anderson

Single Sales Factor Apportionment May Be Coming to North Carolina

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In the last two years, the General Assembly has enacted major changes to North Carolina’s corporate income tax law, including significant rate reductions, elimination of numerous incentive credits and replacement of North...more

McGuireWoods LLP

North Carolina General Assembly Week in Review

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Governor Pat McCrory signed eight bills into law this week, leaving less than 25 bills awaiting his signature. The Governor has until October 30th to sign or veto the remaining bills. However, if the Governor takes no action...more

Parker Poe Adams & Bernstein LLP

Business Incentive Changes in Recent North Carolina Legislation

The North Carolina General Assembly passed two significant pieces of legislation affecting corporate activity, expansion and new investment in North Carolina. First, the General Assembly passed the state budget...more

McGuireWoods LLP

North Carolina General Assembly Week in Review

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On Monday afternoon, 76 days after the new fiscal year (FY) began, Speaker of the House Tim Moore (R-Cleveland) and President Pro Tempore Phil Berger (R-Rockingham) held a press conference to unveil the details of the new...more

McGuireWoods LLP

North Carolina General Assembly Week in Review

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The Senate budget process continued this week, though at a slower pace than members had planned for in the schedule released last month. Budget votes originally scheduled for Wednesday and Thursday of this week were delayed...more

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