Tax Bill on Senate Calendar

H998 - Tax Simplification and Reduction Act is on the Senate Calender for today.  This will be the third reading.  There have been several amendments tacked on to the bill and I would imagine there will be attempts to attach other during the Senate hearings.  It then will go to conference to iron out any differences with the House.

On the House side H.274 - Taxpayers Bill of Rights will be up for discussion in the Finance Committee. This bill will limit increases in the general fund budget, reform the budget process, establish and emergency reserve trust fund and amend the North Carolina constitution to establish a general fund expenditure limit. Let's watch and see what kind of amendments will be offered during the discussion.

Another bill that deserves watching is S.81- Charlotte Regional Airport Authority.  As you know this bill will transfer the ownership of the airport from the City of Charlotte to a state appointed authority.  I understand that Charlotte is still trying to short circuit this bill.  It bears watching.