North Carolina S233 repeals the corporate income tax phaseout.

North Carolina S233 repeals Section 42.2 of S.L. 2021-180, which pertains to the corporate income tax phaseout. This bill, if enacted, would eliminate the gradual reduction of corporate income tax rates, affecting corporations subject to North Carolina's corporate income tax. The change would be effective immediately upon the bill becoming law.

North Carolina S233 repeals the corporate income tax phaseout.

North Carolina S233 repeals Section 42.2 of S.L. 2021-180, which pertains to the corporate income tax phaseout. This bill, if enacted, would eliminate the gradual reduction of corporate income tax rates, affecting corporations subject to North Carolina's corporate income tax. The change would be effective immediately upon the bill becoming law.