Articles in regional publications that pertain to a wide range of North Carolina-related topics.
for Intangible property--Taxation
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Williamson argues for keeping the intangibles tax while Culberson rebuts with reasons why it should be repealed.
After explaining the intangibles tax and a pending court challenge, Reynolds lists pros and cons of the tax and repeats the N.C. League of Municipalities' support for the tax, which is largely allocated to local governments.
Although the state's intangibles tax was repealed in 1995, a recent ruling of its unconstitutionality by the U.S. Supreme Court could prove costly to the state, with refunds reaching $120 million.