It would take 12 years for the affiliate tax to generate as much revenue for the state as the $150 million the Department of Revenue expects from extra scrutiny of corporate tax returns will this year. But legislators are talking down the value of that one-time money.
“It’s really not as big a help as everybody is trying to make it out,” said Rep. Jim Crawford, D-Granville, one of the House’s chief negotiators.
“That’s going to help the slightest bit,” added Sen. Linda Garrou, D-Forsyth, a Senate negotiator.
