Tuesday, June 4, 2013

North Carolina Bill Would Slash Tax Breaks for Nonprofits

The bill, called the N.C. Fair <b>Tax</b> Act, includes an annual cap on the <b>refund</b> nonprofits can receive for sales and use <b>taxes</b>, effective July 1, 2014. It would cap <b>refunds</b> to $5 million that year before dropping to $100,000 in 2016. If it&#039;s passed, the

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