House Select Committee on Economic Development: Report to the 2005 General Assembly of North Carolina, 2006 Regular Session (Classic Reprint) - Hardcover

Name: House Select Committee on Economic Development: Report to the 2005 General Assembly of North Carolina, 2006 Regular Session (Classic Reprint)
Author: North Carolina House Select Committee On Economic Development
ISBN: 9780666196491

North Carolina House Select Committee On Economic Development

9780666196491: House Select Committee on Economic Development: Report to the 2005 General Assembly of North Carolina, 2006 Regular Session (Classic Reprint)

Hardcover

ISBN 10: 0666196494 ISBN 13: 9780666196491

Publisher: Forgotten Books, 2022

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House committee recommends action on tax credits, wages, and fuel costs

The report from the House Select Committee on Economic Development lays out recommendations and legislative proposals for the 2006 North Carolina General Assembly. It covers a range of economic policies, including tax credits for growing businesses, a proposed minimum wage increase, adjustments to the motor fuels tax, and exemptions for manufacturers.

The document presents proposed bills, sponsors, and brief overviews, along with potential effective dates and the rationale behind each idea. It explains how these measures aim to stimulate job creation, boost the state’s economy, and balance fiscal considerations.

Details on replacing or refining existing tax credits to better target job creation and investment.
A plan to raise the state minimum wage to $6.15 per hour, with a specific effective date.
A proposal to reduce and cap the motor fuels tax, outlining current rates and the target cap.
Suggested energy tax exemptions for manufacturers and related guidance on implementation.

Ideal for policymakers, business leaders, and readers seeking an accessible view of North Carolina’s economic development strategy in 2006.

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