Corporate Income

  • Post

    NC’s Corporate tax could be lowest east of the Mississippi

    In this year’s budget, the corporate income tax was lowered from 5 percent to 4 percent, but legislators made a key change to the calculation of the tax. Historically, North Carolina calculated its corporate income tax on a mix of property, payroll, and sales variables. Now the state will implement…
    Sarah Curry, September 21, 2015