NCACPA received this news release from NC General Assembly staff sharing hopeful news, as NC leaders announced joint bipartisan support for deferring accrual of interest on state income taxes filed before July 15, 2020. This information appeared in a joint statement released by General Assembly lawmakers and Governor Roy Cooper.
The General Assembly and Governor must still approve legislation to ensure taxpayers are not liable for such interest between April 15, 2020 and July 15, 2020, the extended deadline.