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Pat McCrory to sign tax bill Tuesday

Gov. Pat McCrory announced Monday he plans to sign the sweeping tax bill into law Tuesday.

The Republican will hold a 1 p.m. bill signing ceremony for HB998 at the mansion, joined by House Speaker Thom Tillis and Senate leader Phil Berger.

The three Republicans agreed to a tax plan a week ago Monday and lawmakers rushed to pass it into law even as concerns mounted about who will benefit and who will lose under the measure. Under the bill, the state's three-tiered income tax structure would vanish, replaced by a flat personal income tax at 5.75 percent in 2015. The corporate tax would drop to 5 percent.


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