RALEIGH, N.C. — Voters this fall will be asked whether North Carolina should cap the state’s income tax rate and limit the ability of local governments to raise property taxes.
The GOP-led General Assembly on Wednesday approved two Constitutional Amendment proposals for the November ballot. One of the proposals seeks to permanently cap the state’s income tax rate at 3.5%. The other proposal aims to regulate how quickly local governments can increase property tax rates. It doesn’t include a specific cap for property tax rate increases — bill sponsors say the amendment has to pass first before they write the details into law.
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