Do you know what is driving NC’s current state and local tax policies, who are the influencers, how state tax legislative proposals are evaluated, and the impact on the state’s economy and residents?  To find out the answers to these questions you will want to attend this webinar session sponsored by the LWVNC Tax Policy Review Committee. Alexandra Forter Sirota, Executive Director, NC Budget & Tax Center will be the guest speaker. This is the first in a series of monthly sessions to work to member agreement on a revised LWVNC tax policy position.

 

 State tax structures include three main types of state and local taxes:

• Personal income tax
• Paid by taxpayer to the state
• Is a percent of income, the percent may be related to ability to payales and use tax
• Sales and use tax
• Paid by retailer to the state or local jurisdiction
• Is not related to income or ability to pay 
• The use tax is paid by the taxpayer with their income tax  
• Property tax 
• Paid by property owner
• Is paid by property owner, is not directly related to ability to pay 
• Is an indirect tax for renters

For more information contact Martha at mroblee [at] sc.rr.com or Ruth Ann at togroh309 [at] gmail.com