House considering Apple incentive


The state House is considering an incentive to lure Apple.

The change in the state's corporate tax laws is designed to make North Carolina more attractive to a planned $1 billion Apple data center.

The House will vote Tuesday on the bill, which was recently changed to push the project to counties with a high unemployment rate. It passed the Senate ealrier this month.

The bill would change the way corporate income taxes are calculated by giving breaks to companies with a relatively small share of U.S. sales in North Carolina but which have large shares of their nationwide property and payroll here.

The breaks could be worth about $46 million over the next 10 years. (AP

You must be logged in to post a comment on this blog. If you already have an N&O online user account, click here to log in. Otherwise, click here to register (it's free!).