North Carolina
Small Business Victories


  • Here's a look at some of our recent victories in the 2020 General Assembly:

    PPP (Paycheck Protection Program) Deductions

    NFIB’s efforts got money into the state budget to allow NC business owners who received PPP funds in 2020 to be able to deduct their businesses’ expenses.

    Major Tax Reform Efforts

    · Increased the zero-tax bracket—the amount of income on which people pay no income tax from $12,750 to $25,500 for married couples, and up from $10,750 to $21,500 for single tax earners

    · Cut personal income tax from 5.25% to 3.99% over six years, including cutting the rate to 4.99% beginning in January 2022

    · Ensured that the corporate tax rate be reduced from 6.9% to 2.5%

    · Franchise tax will be phased out beginning with a 25% reduction

    · Repealed the “death tax” saving family business

    Trucker Shortage and Supply Chain Issues

    Supported legislation in NC to recruit and train more drivers, which will help with supply chain issues.

    Workers’ Compensation

    Supported by NFIB, Commissioner Mike Causey reduced rates by 17.2% across the board and defeated the requirement for everyone who is employed to carry Workers’ Compensation.

    NFIB North Carolina Small Business Victories Read Full Article
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    Contact NFIB in North Carolina

    North Carolina

    150 Fayetteville Street, Suite 1105
    Raleigh, NC



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