Senate Unveils Economic Development & Tax Reform Bill that Could Cost Mecklenburg County Millions

Senate leaders this week unveiled a much-awaited proposal to improve North Carolina’s economy, through a combination of corporate incentives, tax reform, and redistribution of locally collected sales taxes to rural areas. But for Mecklenburg and other fast-growing urban counties, the legislation would likely result in reduced tax revenue and greater hurdles to attract new employers through the use of state incentives.

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NAIOP Source Updates 6/9

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