NC governor calls for tax reforms

North Carolina governor proposes sweeping tax reforms

Gov. Bev Perdue said she was seeking between $1 billion and $1.5 billion in new revenues, according to two lawmakers who were at meetings with legislative leaders.

The House budget approved last weekend raised $784 million in taxes.

The Senate is now looking at a $950 million package that would expand the number of services subject to sales tax and remove income tax deductions while lowering tax rates overall, Sen. David Hoyle, D-Gaston, a finance negotiator, who also confirmed Perdue's request.

This will be an interesting process to follow; it aligns with what the Center for a Better South called for in its 2006 policy book, Doing Better: Progressive Tax Reform for the American South.

Also in the South:

ALABAMA: State cancels contract with Nationwide Retirement Solutions

ARKANSAS: Report says clean energy investment could boost state's economy

FLORIDA: New law takes on illegal pill industry

GEORGIA: Report says state could add 42,000 new jobs if the federal estate tax is repealed

KENTUCKY: New law requires permission for sex offenders to be at schools

LOUISIANA: Senate panel rejects proposed tax break for school workers

MISSISSIPPI: Personal income of state's residents is up 0.2%

SOUTH CAROLINA: New vendor law welcomed by businesses in Upstate

TENNESSEE: Culture change sought by Tennessee Black Caucus

VIRGINIA: Gov. Kaine signs bills to help military families, veterans

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