Articles in regional publications that pertain to a wide range of North Carolina-related topics.
for Tax policies--Industry
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Those who have responsibility in planning are an area's development need to have as much information as possible. This article reports on part of a tax policy study that deals with the impact of state and local tax differentials on the location decisions of manufacturing firms.
Given that North Carolina is one of the few states in the nation to take on the funding of roads and schools, taxation is different than in other states. Industry is taxed slightly higher than in other states, while property taxes in North Carolina are lower. County taxes, municipal taxes, and special school taxes help local governments supplement state aid as well.
A proposed constitutional amendment authorizing North Carolina counties to issue industrial revenue bonds would provide a means of financing industrial facilities or pollution control equipment. In an interview with Bob C. Goforth, chief of the Industrial Development Section of the Department of Natural and Economic Resources, he discusses industrial revenue bonds and implications to North Carolina tax payers.