GENERAL ASSEMBLY OF NORTH CAROLINA
SENATE BILL 817
Short Title: Const. Amd. - Max. Income Tax Rate of 5.5%.
Senators Rucho, Rabon, Tillman (Primary Sponsors); and Pate.
May 9, 2016
A BILL TO BE ENTITLED
AN ACT to amend the north carolina constitution to provide that the maximum tax rate on incomes cannot exceed five and one‑half percent.
The General Assembly of North Carolina enacts:
SECTION 1. Section 2 of Article V of the North Carolina Constitution reads as rewritten:
"Sec. 2. State and local taxation.
(6) Income tax. The rate of
tax on incomes shall not in any case exceed
ten five and one‑half
percent, and there shall be allowed personal exemptions and deductions so
that only net incomes are taxed.
SECTION 2. The amendment set out in Section 1 of this act shall be submitted to the qualified voters of the State at a statewide general election to be held on November 8, 2016, which election shall be conducted under the laws then governing elections in the State. Ballots, voting systems, or both may be used in accordance with Chapter 163 of the General Statutes. The question to be used in the voting systems and ballots shall be:
"[ ] FOR [ ] AGAINST
Constitutional amendment providing that the rate of tax on incomes shall not exceed five and one‑half percent (5.5%)."
SECTION 3. If a majority of the votes cast on the question are in favor of the amendment set out in Section 1 of this act, the State Board of Elections shall certify the amendment to the Secretary of State, who shall enroll the amendment so certified among the permanent records of that office. The amendment becomes effective for taxable years beginning on or after January 1, 2017.
SECTION 4. This act is effective when it becomes law.