North Carolina H303 repeals the corporate income tax phaseout.

North Carolina H303 repeals the corporate income tax phaseout, which was established by Section 42.2 of S.L. 2021-180. This bill removes the gradual reduction of corporate income tax rates, ensuring that corporations pay the full tax rate as originally intended. The change takes effect immediately upon the bill becoming law.

North Carolina H303 repeals the corporate income tax phaseout.

North Carolina H303 repeals the corporate income tax phaseout, which was established by Section 42.2 of S.L. 2021-180. This bill removes the gradual reduction of corporate income tax rates, ensuring that corporations pay the full tax rate as originally intended. The change takes effect immediately upon the bill becoming law.