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NC S142
Bill
Status
Introduced
2/22/2023
Primary Sponsor
Lisa Grafstein
Click for details
AI Summary
- Repeals Section 42.2 of S.L. 2021-180, which previously established a phaseout schedule for North Carolina's corporate income tax
- Reverses the gradual elimination of the corporate income tax that was enacted in 2021
- Takes effect upon becoming law with no specified implementation date
- Sponsored by Senators Grafstein, Murdock, and Mayfield
- Referred to the Rules and Operations of the Senate
Legislative Description
Make Corporations Pay Their Fair Share
Corporate Income
Last Action
Ref To Com On Rules and Operations of the Senate
2/23/2023
Committee Referrals
Rules and Operations of the Senate2/23/2023
Full Bill Text
No bill text available