RALEIGH, N.C. (AP) — Four large North Carolina counties would see their authority to raise sales taxes scaled back in Senate legislation that its Republican supporters say would level the playing field across the state in generating revenue.
The Senate Finance Committee approved a bill Tuesday capping the local sales tax nearly all 100 counties can charge at 2.5 percent — that's a combined state and local rate of 7.25 percent.
The General Assembly currently allows Mecklenburg, Wake, Forsyth and Guilford counties to raise their combined rate to 7.5 percent. The bill would block Mecklenburg's planned November referendum to approve an additional quarter-cent.
Most counties would have more options to raise money for education, public transportation or for essentially any purpose.
The measure's next stop is the full Senate.