North Carolina senator unveils tax overhaul ideas

North Carolina senator unveils tax overhaul ideas
March 21, 2013 20:03 EDT

RALEIGH, N.C. (AP) — A former leader of the North Carolina Senate’s tax-policy committee has offered an overhaul of the tax system that’s winning some friends on both sides of the aisle.

Democratic Sen. Dan Clodfelter of Charlotte filed a bill Thursday that would reduce personal and corporate income tax rates and the state sales tax rate. The proposal also eliminates many credits and exemptions and makes the sales tax applicable to services like repairs, entertainment and landscaping.

A bill summary from Clodfelter says the proposal builds upon past tax studies and seeks to be a “working platform” for comprehensive reform.

Several Republicans and Democrats are bill co-sponsors.

Senate and House Republican leaders are working on their own ideas. Gov. Pat McCrory also has said he wants to see lower income tax rates.

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