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Beaufort County Republican Party Beaufort County Republican Party

Income Tax Cap 7%

 

   Supports lowering the maximum allowable state income tax rate from 10 percent to 7 percent.

   The measure would amend Subsection (6) of Section 2 of Article V of the North Carolina Constitution. The following underlined text would be added and struck-through text deleted:

(6) Income tax. The rate of tax on incomes shall not in any case exceed ten seven percent, and there shall be allowed personal exemptions and deductions so that only net incomes are taxed.

 

Income Tax Cap