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The North Carolina Department of Revenue was created in 1921 by the North Carolina General Assembly. The department is headed by a Secretary that is appointed by the Governor. The secretary is a member of the North Carolina Cabinet. Currently, the department is responsible for administering the collection of the North Carolina state income tax ...
The individual state income tax rate for the 2024 tax year is 4.5% and will be reduced to 4.25% in 2025, then down to 3.99% the following year, according to the N.C. Department of Revenue. That ...
March 4, 2024 at 1:07 PM. Nearly 21 million people in the U.S. have already received their federal tax refunds, but North Carolina residents are still waiting on money from the state. That’s ...
The government of North Carolina is divided into three branches: executive, legislative, and judicial. These consist of the Council of State (led by the Governor), the bicameral legislature (called the General Assembly), and the state court system (headed by the North Carolina Supreme Court). The Constitution of North Carolina delineates the ...
North Carolina Cabinet. The North Carolina Cabinet is the group of unelected heads of the executive departments of the Government of North Carolina. It is separate and distinct from the North Carolina Council of State, the members of which are elected statewide, and which makes up the rest of the executive leadership of the government.
In 2023, the Office of State Budget and Management, which puts out the consensus revenue forecast with the legislature’s Fiscal Research Division, predicted a “slow and mild” recession was ...
Economy of North Carolina. In 2019, North Carolina's total gross state product was around $591 billion. According to the Bureau of Economic Analysis, the state's 2010 total gross state product was $424.9 billion, making it the ninth wealthiest state in terms of gross domestic product. [1] Its 2007 per capita personal income was $33,735, placing ...
$1.5 million to relocate the Office of the State Auditor’s staff from the Old Revenue ... The budget also instructs the Department of Administration to sell the longtime headquarters of the N.C ...
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