SESSION LAW 2018-119 AN ACT TO AMEND THE NORTH CAROLINA CONSTITUTION TO PROVIDE THAT THE MAXIMUM TAX RATE ON INCOMES CANNOT EXCEED SEVEN PERCENT. SESSION LAW 2018-119 AN ACT TO AMEND THE NORTH CAROLINA CONSTITUTION TO PROVIDE THAT THE MAXIMUM TAX RATE ON INCOMES CANNOT EXCEED SEVEN PERCENT. Official Explanation of the Amendment Amendment Legislative History Implementing Legislation/Fiscal Note (Estimate of Cost) THERE WAS NO IMPLEMENTING LANGUAGE ENACTED BY THE GENERAL ASSEMBLY OTHER THAN THAT IN THE TEXT OF THE AMENDMENT. THE GENERAL ASSEMBLY DID NOT PROVIDE AN ESTIMATE OF THE COST IN THE EVENT THE AMENDMENT PASSES. How to Submit Proposed Language for Consideration by the Commission ON AUGUST 27, 2018, THE GENERAL ASSEMBLY PROPOSED TWO NEW AMENDMENTS THAT ARE CURRENTLY BEING CHALLENGED IN COURT. WATCH THIS SPACE FOR UPDATES ON THESE AMENDMENTS AND FOR NOTICES FOR FUTURE COMMISSION MEETINGS AS NEEDED. Frequently Asked Questions
