North Carolina Republicans Unveil Tax Refund Bill
North Carolina Republicans say they want to return to taxpayers much of the largest state government revenue surplus in over a decade.
House Speaker Tim Moore and Senate leader Phil Berger say their chambers will advance a bill that would give refunds to more than 5 million taxpayers.
Refunds would range from up to $125 of the taxes that individual filers paid this year to up to $250 for couples. Most checks would be sent in mid-December.
The state collected $897 million more than anticipated in the year ending June 30. About $660 million would be sent out if the bill becomes law.
The announcement also signaled a new method by which Republicans will address spending and taxes as they remain in a budget standoff with Democratic Gov. Roy Cooper.