Income Tax Cap at 7%

“If passed by the people, the constitutional amendment proposed by S.B. 75 would lower the maximum income tax rate for families and job creators allowed by the state constitution from 10% to 7%. This puts on the ballot for all voters the chance to decide on a constitutional rate cap that would safeguard tax relief and protect taxpayers from harmful rate increases. In addition, lowering the state’s income and corporate tax cap is essential to protect citizens against future tax increases by Gov. Roy Cooper, who sought to raise taxes in his 2018 spending plan.” – Rep. Jordan


Amendment Text


Constitutional amendment to reduce the income tax rate in North Carolina to a
maximum allowable rate of seven percent (7%).