News
Study Questions Tax Incentives
By Mark Seeley | October 10A research study evaluating the implications of one of North Carolina's more controversial tax incentive plans was unveiled to N.C. lawmakers last week, creating doubts about the need for the legislation. The study was conducted by the N.C. Department of Revenue. The Lee Act, which allows N.C. businesses to qualify for tax incentives in order to create more jobs and increase company revenue, currently is being revised by the N.C. General Assembly. The Senate has already made revisions, but more changes are anticipated when it goes before the House next week.
