Economic Transformation News

N.C. Legislature Turns to UNC Institute for Expertise

Research done at Kenan Institute's Carolina Center for Competitive Economies in January recommended that North Carolina restructure its financial incentives program to eliminate tax credits, put more money into strategic inducements that are working, and use the savings to reduce the state's corporate tax rate, one of the highest in the southeast, to a competitively neutral 6.5 percent. A bill pending in the North Carolina Senate aims to do just that.

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