Bringing The World Home To You

© 2021 WUNC North Carolina Public Radio
120 Friday Center Dr
Chapel Hill, NC 27517
919.445.9150 | 800.962.9862
91.5 Chapel Hill 88.9 Manteo 90.9 Rocky Mount 91.1 Welcome 91.9 Fayetteville 90.5 Buxton
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Politics

House Lawmakers Tentatively Pass Broad Tax Bill

NC Legislative building
NC General Assembly
/

State lawmakers in the House have tentatively passed a broad tax bill that would limit the power of local governments to tax businesses.The bill would also tax electronic cigarettes.

The bill limits the authority of cities and towns to levy privilege taxes on businesses. Critics say the taxes are unwieldy and should be streamlined, but many municipal officials aren't happy about the measure, saying they earn significant revenues from those taxes. They would be capped at a hundred dollars per year.

Another part of the bill includes taxes placed on e-cigarettes. The industry asked for e-cigarettes to be taxed at five cents per vial, and that's included in the bill. But Democratic opponents think that tax should be higher. And some think the matter of regulating e-cigarettes should be dealt with separately, rather than folding it in to a very large bill. A final vote is expected on Wednesday.

 

Related Stories
More Stories