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NC General Assembly Report

February 20, 2013 - UPDATE

Richard Carlton reports that Governor Pat McCrory made his first State of the State Address Monday night [February 18th]  before a joint session of the House and Senate.  He stated that his focus would be on the economy, education and efficiency in state government. He specifically mentioned the need to modernized the State's tax code.  The Senate leadership has already stated that it plans to introduce a tax reform package.  It is doubtful that they will be able to pass a new law that will provide for sales tax on a variety of services.  This was originally their stated goal. They do want to lower state income tax for individuals and corporations.

The Governor and the Senate both are saying, however, that we should do away with all tax loop holes and tax preferences.  This is where our vending tax law may come into jeopardy.  I am monitoring this situation on a daily basis and will keep our board informed on this issue.  I have also been in contact with the N.C. Beverage Association, and we are going to continue to work together on this issue.

During this week and last, the legislature has been holding joint appropriation committee meetings covering all aspects of the State budget.  The Senate will be the first chamber to pass a budget this session, and they will then send it over to the House.  The early word is that there is going to be no new revenues available for any new programs.  At least there does not appear to be any less revenue.  I do not anticipate the legislature trying to raise revenue by raising fees. 
 
There have not been many substantive business bills introduced thus far, but that should change shortly.  The bill deadline in the House is March 28 to bill drafting and a filing date of April 10; and March 15 to bill drafting and a filing date of March 28 in the Senate. The cross over deadline is May 16.

 

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