Tax Simplification and Reduction Act

Under a newly passed House bill, North Carolinians will see a price hike in movie tickets, live performances and museum admission. The “Tax Simplification and Reduction Act” cuts personal and corporate taxes and imposes a uniform tax rate, as well as a 4.75% privilege tax on many leisure pursuits--including non-profit events. And local representatives say they were given inadequate time to consider the bill before voting on it.