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WorseBeforeBetter

(11,441 posts)
Tue May 20, 2014, 12:38 PM May 2014

NC lawmakers move to limit local taxes, spurring opposition

By John Frank and Colin Campbell
jfrank@newsobserver.com ccampbell@newsobserver.comMay 19, 2014 Updated 9 minutes ago

RALEIGH — A year ago, Republican lawmakers slashed taxes at the state level. Now they want to force cities to do the same at the local level.

Days into the legislative session, two contentious measures, one to cap the local taxes businesses pay cities and another to limit spending, are being fast-tracked even as the revenue implications of the major tax cuts approved in 2013 remain uncertain.

The House is pushing legislation – with a vote expected Tuesday – to cap local privilege taxes at $100, a move that would save some businesses hundreds of dollars but cost cities millions in lost revenue. It is tucked into a larger bill that fixes major problems in the state tax code.

The Senate is considering a measure, scheduled for committee debate Wednesday, to restrict county spending by limiting property tax revenues to 8 percent growth a year. That is tucked into a bill that green-lights shale gas drilling.

....

Read more here: http://www.newsobserver.com/2014/05/19/3872872/nc-lawmakers-move-to-limit-local.html?sp=/99/100/&ihp=1#storylink=cpy




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NC lawmakers move to limit local taxes, spurring opposition (Original Post) WorseBeforeBetter May 2014 OP
Did they slash taxes? FBaggins May 2014 #1
kick. nt littlemissmartypants May 2014 #2
Bizarre wildeyed May 2014 #3

FBaggins

(26,748 posts)
1. Did they slash taxes?
Tue May 20, 2014, 01:19 PM
May 2014

I guess I'll have to wait a few more months to see... but my employer is certainly withholding more. The loss of the personal exemptions will likely cost me more than the lower rate will save me.

wildeyed

(11,243 posts)
3. Bizarre
Tue May 20, 2014, 07:15 PM
May 2014

These are local issues and should be decided by local representatives. That's why we have them. If things were flipped, the Republicans would be completely out of their minds with rage if we tried to force them to raise local taxes via the state legislature. Which, BTW, I would not support because THEY voted for their local reps to deal with that kind of thing. They really, really hate democracy.

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