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Record #:
31409
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Abstract:
In December 1936, under Federal compulsion, North Carolina passed a far reaching bill to provide that taxes be levied on the payrolls of state employers, and benefits put into a reserve fund for the unemployed. A new federal bill, HR 8282, proposes to federalize such programs and put them in the hands of the Labor Department and do away with experience rating and provide that employers pay nearly triple the current rate.
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Record #:
33069
Author(s):
Abstract:
Heralded as the most sweeping change in the nation’s tax laws in two decades, new tax-reform legislation will drastically curtail the ability of state and local governments to finance their activities through the traditional means of selling securities whose interest income is exempt from federal income taxes. Activity in the North Carolina market has not been consistent with national market activity. Tax-exempt municipal bonds remain an extremely attractive investment for individuals in North Carolina.
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