NCACPA EXPRESSES CONCERNS AND RECOMMENDATIONS ABOUT NC’S PASS-THROUGH ENTITY TAX LAW

In a letter to the chairs of the Senate and House Finance Committees, NCACPA expressed its concerns regarding the 2021 law allowing certain pass-through entities to elect to pay state income tax at the entity level. The letter outlined several recommendations to address these concerns, leading to meetings with lawmakers and the NCDOR. NCACPA later formed a task force to create a legislative proposal for introduction at the General Assembly in 2023. 

May 2022