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Law and Justice Building, Raleigh. The government of North Carolina is divided into three branches: executive, legislative, and judicial. These consist of the Council of State (led by the Governor), the bicameral legislature (called the General Assembly), and the state court system (headed by the North Carolina Supreme Court).
Previously, during a special session in August, 2022, the top personal income tax rate was reduced to 4.9% retroactively effective to January 1, 2022, instead of 2025 as was originally planned while also marking the first time since 1971 that the top income tax rate has been 5.0% or lower.
The North Carolina Department of Revenue was created in 1921 by the North Carolina General Assembly. The department is headed by a Secretary that is appointed by the Governor. The secretary is a member of the North Carolina Cabinet. Currently, the department is responsible for administering the collection of the North Carolina state income tax ...
March 4, 2024 at 1:07 PM. Nearly 21 million people in the U.S. have already received their federal tax refunds, but North Carolina residents are still waiting on money from the state. That’s ...
North Carolina Secretary of Commerce Machelle Baker Sanders speaks during a press conference on Sept. 27, 2021. ... the deadline for companies to file for their 2022 tax returns, was when many ...
“Senator Budd is currently undecided on the tax package overall, but he is supportive of fixing the Section 174 issue and encouraging R&D in North Carolina,” said Curtis Kalin, deputy ...