Here are some of the issues NFIB will be tackling in next year's legislative session:
• Repealing the existing tax on services and stopping efforts to expand North Carolina's onerous service tax.
• Changing the rules so the first $50,000 for businesses grossing less than $400,000 a year is tax exempt.
• Working with legislators to reduce regulations and bureaucratic red tape to save time and money and ease the burden on small businesses.
Reinstate the state tax deduction on first $50,000 income
- After the repeal of the 2011 law on no state taxes paid on first $50,000 of income was repealed, NFIB is working hard to save small businesses up to $1500 per year not earning over $250,000
Stall Minimum Wage Increase and Paid Sick Leave Proposals
- Increased minimum wages and paid sick leave cause small business owners to cut jobs and reduce employee work hours
- NFIB continues to oppose any efforts to make changes to the minimum wage or paid sick leave
Unemployment Insurance Reform
- Small Business will pay off the UI debt of $2.8 billion by the end of the summer 2015 saving hundreds of millions in taxpayer money. This will help reduce the UI rate for small business by 2016
- NFIB/North Carolina is working with large business coalitions to find a solution to this huge burden on small businesses
- Working to require beneficiaries of unemployment to have 5 job searches per week instead of 2, decreasing the number of unemployed
- NFIB/North Carolina continues to work closely with drafting legislation to protect the small business sector from being harmed by major reform mainly by placing a sales tax on additional services in the state, making small business owners tax collectors for the state Department of Revenue
Stop Tax on Services Efforts
- Continue to fight any proposals to place a sales tax on additional services.