Tuesday, May 27, 2014, 9:57 AM

Senate Takes Up House-Passed Tax Reform Package

The Senate Finance Committee had a rare evening meeting Tuesday (7:00 p.m.) to take up its version of HB 1050 - Omnibus Tax Changes.

The Senate Proposed Committee Substitute can be found here: http://www.ncleg.net/documentsites/committees/senatefinance2013/Meeting%20Documents/5-27-2014/H1050%20Proposed%20Committee%20Substitute.pdf

The Senate version of the bill differs from the House version by eliminating the modular home sales tax break and by giving towns and cities another year - until July 1, 2015 - before repealing; however, cities would be limited their current schedule and can only levy tax on businesses located within city limits.

Senator Tillman moved for the bill's favorable report: "Take it or leave it" he said.

0 Comments:

Post a Comment

Thank you for visiting our blog. Please comment after registering.

Links to this post:

Create a Link

<< Home

back to top