North Carolina Budget & Tax Center: Income tax limits would deepen racial inequity in NC

This November, North Carolinians will vote on a constitutional amendment that would limit the state income tax rate to 3.5 percent both for personal and corporate income taxes, a significant decrease from 7 percent, which was the maximum rate approved by voters in 2018. Significantly, the 7 percent tax cap amendment was placed on the ballot by an illegally gerrymandered legislature and its legitimacy is the subject of ongoing litigation.

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