N.C. Senate leaders are proposing a lower corporate tax rate, use of the “single sales factor” for corporate taxes, a special program for recruiting large-scale manufacturers, and tweaks to the current state tax incentive program as an alternative to the N.C. Competes Act that cleared the N.C. House earlier this month.
Senate President Pro Tem Phil Berger, R-Rockingham, and Sen. Rick Gunn, R-Alamance, discussed their proposals during a 17-minute news conference. Click play below to watch the briefing.
