NC SENATE APPROVES CONSTITUTIONAL REFERENDUM FOR INCOME TAX CAP: Senate Bill 75 would ban lawmakers from raising the income tax rate higher than 5.5 percent – if voters approve the constitutional amendment in a ballot referendum, which would be held during the November 2018 election. Currently, the constitution caps income tax rates at 10 percent. Lawmakers have set the personal income tax rate at 5.499 percent – so the amendment would prevent any future tax hikes. The Senate voted 36-13 Tuesday in favor of the bill, which now goes to the House. Republican Sen. Tamara Barringer of Cary broke ranks with her party and voted no, while Sen. Joel Ford of Charlotte and Sen. Ben Clark of Raeford were the only Democrats who supported the measure.
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