Tax refund measure advanced by North Carolina Senate panel
RALEIGH, N.C. (AP) — A Republican proposal to give millions of North Carolina taxpayers refunds from a larger-than-anticipated revenue surplus is advancing in the state Senate.
The Senate Finance Committee voted on Thursday for the measure to send $663 million through checks of up to $125 or $250. Amounts would depend on the taxpayer’s filing status and what they owed during 2018.
Senate leader Phil Berger told committee members returning money to taxpayers is one good option when more money than necessary is collected for state government. Democratic Sen. Floyd McKissick of Durham said legislators should look instead at using the excess on important needs like school construction. But Berger says the Republican budget vetoed by Democratic Gov. Roy Cooper contains such funds.
The refund measure is expected on the Senate floor next week.