Institute on Taxation and Economic Policy (ITEP)

North Carolina

State Rundown 6/4: Fiscal Flowers and Weeds Bloom in June

A veritable superbloom of tax and budget policies occurred over these last few weeks, including both flowers worth admiring and weeds worth fighting back.

Repealing North Carolina’s Corporate Tax is an Even Worse Idea Than You Think

North Carolina’s corporate tax cuts aren’t an incentive for economic growth. They’re a windfall for multinational companies that happen to sell into our state, regardless of whether they’ve made any meaningful investments here or not.

State Rundown 5/14: Fund Priorities or Increase Shortfalls?

As many legislative sessions end, lawmakers are revealing their priorities.

State Rundown 4/23: While Some States Stop Digging, Others Move Full Steam Ahead with Anti-Affordability Agendas

Missouri lawmakers passed legislation that will have residents vote on a proposal at the ballot box. The ask: for them to pay more in sales taxes to offset cuts – and the possible elimination – of the state's individual income tax, which makes up nearly two-thirds of Missouri’s general fund.

State Rundown 4/16: Tax Day, a New Millionaires’ Tax and Late Blooming State Tax Action

Yesterday was Tax Day, and with many state legislative sessions wrapping, some tax changes are gearing up or crossing over the finish line.

North Carolina, Pushing Tax Cuts on Three Fronts, Risks a Repeat of Kansas Debacle

Tax cuts are looming large on the horizon in North Carolina. So large, in fact, that even some traditionally anti-tax voices are starting to get nervous.

State Rundown 3/26: Sobering Revenue Projections Keep States on Their Toes

This week, troubling revenue projections are making headlines, with many lawmakers scrambling to determine how the tax changes at the federal level, plus price hikes driven by national policy decisions, will impact their states.

State Rundown 3/18: New Mexico Enacts Most Significant Corporate Tax Reform of the Year

As states lawmakers continue to weigh their linkages to the federal tax code in light of the recent federal tax law, New Mexico provides a blueprint for limiting multinational corporate tax avoidance.

Lack of access to affordable, high-quality child care is a barrier to labor force participation for working parents in North Carolina and affects our state’s economy. Read more.