Displaying items by tag: NC Department of Revenue
State values Duke power plant $64M less, Richmond County to loose $600K
ROCKINGHAM — Richmond County is losing out on a huge chunk of tax revenue following a new valuation of a utility company's property by the state .
Moss: County should distribute any sales tax revenues greater than $675k back to municipalities
ROCKINGHAM — One Richmond County Commissioner has come up with a potential compromise in a situation that has pitted the county government against all six municipalities in recent weeks.
N.C. has issued more than $1 billion in renewable energy tax credits
RALEIGH — Benefit or boondoggle? That’s the billion-dollar question.
North Carolina surpassed the $1 billion mark in renewable energy investment tax credits issued in 2018 — three years after the lucrative subsidy program to stimulate solar development expired. Taxpayers have picked up the bill, and could be on the hook for hundreds of millions of more tax credits in coming years.