Articles in regional publications that pertain to a wide range of North Carolina-related topics.
Revenue Act Changes Affecting General Fund Revenues Adopted by the General Assembly
Record #:
31040
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Abstract:
Changes in the Revenue Act increased the North Carolina General Fund over $32 million. Levied surtax was issued on liquors; sales and use tax exemptions were removed on horses and mules, fuel, and freezer supplies; sales and use tax exemptions were removed on farm and mill machinery, office equipment, and broadcasting equipment; tax rates were increased on sales and use tax on motor vehicles and airplanes; and sales and use tax exemptions were removed on sales of drugs, food, newspapers, photographs, and sales to State of North Carolina and its agencies.
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