Politico: North Carolina’s Two Odd Tax Proposals
media mentionMorning Tax, June 17, 2014
The Institute on Taxation and Economic Policy’s Jenice Robinson previews what’s happening in the state on the tax front. “The North Carolina Legislature is back in session this week, and two odd proposals are on the table,” Robinson writes in an email. “North Carolina teachers are among the lowest paid in the nation, and they haven’t had a salary increase since 2008. The state legislature, after enacting major tax cuts that lose hundreds of millions in revenue, is trying to figure out how to fund teacher pay increases. The Senate has proposed asking state residents to voluntarily return their state tax refunds. The state House has proposed increasing the amount of revenue spent on advertising the state lottery with the expectation that advertising would bring in hundreds of millions in lottery revenue, which could be used to fund teachers salaries.”
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