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Home / Business / New law increases the zero tax rate in North Carolina, aimed at online sales

New law increases the zero tax rate in North Carolina, aimed at online sales



RALEIGH, NC (AP) – North Carolina income taxpayers will receive more generous returns on the return soon, but may pay more upfront tax on online purchases in a measure Democratic Secretary of State Roy Cooper has enacted.

Koper's signing statement came several hours after he vetoed another bill that would have reduced corporate tax.

The Republican-penned measure signed on Friday raises the standard deduction, meaning the filing income tax does not pay tax, from $ 750 to $ 1500 starting in 2020. For a single player, the deduction will now be $ 10,750 .

The new law also requires companies such as Amazon to collect VAT on consumers who purchase products they offer through third-party retailers. It is designed to collect more fees from foreign retailers given a new US Supreme Court decision.

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