North Carolina Senate Considers New Tax Plan

Yesterday, in a late afternoon Senate Finance committee meeting, North Carolina legislators introduced yet another tax reform proposal–a proposed committee substitute to House Bill 998, which was passed by the House of Representatives late last week.

Here are some helpful documents, in addition to the actual bill text, that outline the plan’s details:

• Chart comparing the House legislation and the new plan;
• Fiscal note summarizing fiscal impact of each of the plan’s components in addition to state and local impact; and
• Summary chart with effective dates.

Senate Finance will hear discussion on the new plan today at 1:00pm EST. You can listen to a live audio stream here. If you missed the meeting yesterday, check out our live blog coverage or our Economist Scott Drenkard's comments on the legislation. We’ll be following the meeting today and providing updates on the blog and via Twitter. We also have plenty of previous work on North Carolina here.

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