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SB75 Income tax cap at 7%
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| Parents |
> United States > North Carolina > Referenda > 2018 Referendums > SB75 Income tax cap at 7%
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| Office | Referendum |
| Honorific | Referendum - Abbr: |
| Type | General Election |
| Filing Deadline | March 21, 2018 - 12:00am Central |
| Polls Open | November 06, 2018 - 05:30am Central |
| Polls Close | November 06, 2018 - 06:30pm Central |
| Term Start | January 01, 2019 - 12:00am |
| Term End | January 01, 2999 - 12:00am |
| Turnout |
51.55% Registered
38.31% Total Population
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| Contributor | RP |
| Last Modified | RBH November 27, 2018 01:40am |
| Data Sources | [Link] |
| Description |
Prevents the personal income tax rate from exceeding 7%. This replaces the current provision in the state constitution capping income tax rates at 10%.
Interestingly, the state House and Senate disagreed on what level the cap should be. The initial bill from the Senate would have set the cap at 5.5%, roughly where the tax rate is set for 2018. The House didn’t agree, worried that such a low cap would constrain the state should economic conditions change. That argument won out.
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| Certified Votes |  2,094,914 (57.35%) |
1,557,697 (42.65%) |
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| Margin | 0 (0.00%) |
-537,217 (-14.71%) |
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0.00% |
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| Adj Poll Avg | 49.94% -- |
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Public Policy Polling
10/26/18-10/28/18 |
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Survey USA
10/02/18-10/08/18 |
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