Loading chat...
NC S75
Bill
AI Summary
-
Amends Article V, Section 2 of the North Carolina Constitution to reduce the maximum income tax rate from 10 percent to 7 percent.
-
Requires the amendment to be submitted to voters at the statewide general election in November 2018.
-
If approved by a majority of voters, the amendment becomes effective upon certification and applies to taxable years beginning January 1, 2019.
-
The Board of Elections and Ethics Enforcement must certify the amendment results to the Secretary of State for enrollment in permanent records.
Legislative Description
Const. Amd. - Max. Income Tax Rate of 7.0%
Last Action
Ch. SL 2018-119
6/28/2018
Committee Referrals
Finance6/27/2018
Rules, Calendar, and Operations of the House6/13/2018
Finance3/16/2017
Rules and Operations of the Senate3/8/2017
Finance2/16/2017
Rules and Operations of the Senate2/15/2017
Full Bill Text
No bill text available