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NC Senate approves incentives and sales tax changes

RALEIGH, N.C. (AP) — Senate Republicans have completed moving their updated economic recruitment legislation through the chamber.

The bill given final Senate approval Tuesday combines beefing up incentives disproportionately used in North Carolina’s urban centers with a redistribution of local sales taxes supporters say will help rural counties.

Opponents of the bill say the measure won’t address deep-seeded problems in rural areas when it shifts sales tax collections from urban counties. Current rules distribute most of local sales taxes based on where transactions occur.

The measure now returns to the House, where Republicans aren’t in agreement on the sales tax proposal. Gov. Pat McCrory threatened to veto an earlier redistribution adjustment if it came to his desk.

The bill also sets aside more money for Job Development Investment Grants, the state’s primary recruitment tool.

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