News & Analysis as of

Governor Cooper State Taxes

Ward and Smith, P.A.

Pay Raises and Infrastructure Improvements: A Closer Look at the NC House Budget

Ward and Smith, P.A. on

North Carolina's House lawmakers recently unveiled their proposed two-year spending plan for the state, well ahead of the traditional schedule. The proposed nearly $30 billion budget would set a new record high for state...more

Smith Anderson

Finance Provisions of the 2021 Budget Bill

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On November 15, 2021, after months of negotiations and four and a half months into the new fiscal year, the North Carolina General Assembly released Senate Bill 105, its proposed budget bill (the "Bill"). Both Chambers...more

Parker Poe Adams & Bernstein LLP

North Carolina's New Budget Conforms to Federal Tax Treatment of Paycheck Protection Program Expenses

Governor Roy Cooper signed the state budget on November 18 that the North Carolina General Assembly passed this week. There are a variety of important tax changes in the budget, including one that affects all North Carolina...more

McGuireWoods Consulting

North Carolina General Assembly Week in Review - June 2021 #2

This week was a major week in the General Assembly as legislative leaders announced an agreement on a total spending number. Now the hard work begins as the legislature debates how to reach that number. The budget was not the...more

Brooks Pierce

Brooks Pierce Capital Dispatch: Updates from the NC General Assembly and Governor’s Office - May 2021 #4

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This week, the Senate considered a grant and tax bill and a bill to incent unemployed workers to return to work, while the House passed a broadband bill. Senate Grant and Tax bill - Two Senate committees this...more

Maynard Nexsen

Legislative Update April 2021 #3

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Legislative committees cranked into high gear this week as each chamber pushed to have its bills heard before the May 13 crossover deadline, the date that bills must pass from one chamber to the other to remain eligible for...more

Maynard Nexsen

Legislative Update April 2021

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The General Assembly returned to Raleigh this week following last week’s spring recess. The Senate bill filing deadline closed on April 6, resulting in a significant number of new bills. The House of Representative’s final...more

Brooks Pierce

Brooks Pierce Capital Dispatch: Updates from the NC General Assembly and Governor’s Office - March 2021 #3

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This week, Legislators considered a number of bills and Gov. Roy Cooper presented his state budget recommendations. State Budget - Gov. Cooper released his general fund budget recommendations for the next two fiscal...more

Brooks Pierce

North Carolina Legislative Update - October 2019

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The impasse between Governor Roy Cooper and the General Assembly over the 2019 budget bill (H966) continued this week, as Legislators considered some additional “mini-budget” bills. The House overrode Governor Cooper’s veto...more

Moore & Van Allen PLLC

MVA Monitor - August 2019 #5

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The budget stand-off continued this week. Legislators rolled out a number of mini-budgets this week, but their futures are uncertain. The General Assembly will take a break next week for the Labor Day holiday, so it will...more

Moore & Van Allen PLLC

MVA Monitor - August 2019 #4

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As the budget stalemate nears its second month, new budget proposals emerged from the General Assembly. The next few weeks could see attempts at piecemeal budgets and tax rebates. In other news, high profile and controversial...more

Brooks Pierce

North Carolina Legislative Update - August 2019

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In the absence of an enacted budget for fiscal year 2019-2020, Legislators passed a number of bills appropriating money for various purposes this week. They also acted on bills on other topics....more

Moore & Van Allen PLLC

MVA Monitor - July 2019

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The legislature and the Governor were locked in a battle of wills over the state budget as gridlock over the $24 billion annual spending plan continued into the second week of the fiscal year. While there is little relief in...more

Brooks Pierce

North Carolina Legislative Update - May 2019 #4

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Senate appropriators worked on the budget bill behind closed doors this week and both houses considered a variety of bills prior to leaving for the Memorial Day holiday. Budget Bill (H966) - After passing the House on...more

Brooks Pierce

North Carolina Legislative Update - May 2019 #3

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After two busy weeks culminating in the May 9 bill crossover deadline, Legislators returned this week at a steadier pace. Senate Tax Reform (S622) - The Senate began moving its 2019 tax bill and tentatively approved it...more

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