Tax reform is topic of Tuesday forum
May 28, 2013By Jenny Callison
A session on proposed state tax reform will take place Tuesday evening in downtown Wilmington. The Cape Fear Economic Development Council (CFEDC) will hold a forum to explore possible business consequences of various proposals.
Tax reform has been a dominant topic in the current North Carolina General Assembly session, with a raft of proposals receiving significant news coverage. Those proposals have ranged from simply modifying the current income tax to abolishing the state income tax entirely and replacing it with a combination of new sales and consumer taxes.
Currently, Senate Bill 402, the Appropriations Act of 2013, was approved by the Senate and on May 24 was sent to the House, where it passed its first reading and was referred Tuesday to the appropriations committee.
The session takes place Tuesday from 6-7:30 p.m. in the WHQR Gallery, located at 254 N. Front Street, third floor. Allan Freyer, policy analyst, and Alexandra Sirota, director of the N.C. Budget and Tax Center, will talk about the varied proposals before the legislature, their relationship to local and regional tax issues and their implications for economic development.
According to the CFEDC, the Budget and Tax Center conducts non-partisan analyses of state budget and tax policy and monitors economic conditions in the state. Its research contributes to policy discussions and public debate, with the goal of building a broader understanding of the role of policy in supporting economic opportunity for all.
The CFEDC is a non-profit organization concerned with sustainable economic development and job creation in Wilmington and the Cape Fear region.