Today, the House Finance Committee changed the proposed constitutional amendment to lower the state’s income tax rate cap. The new version of Senate Bill 75 would lower the cap to 7 percent from its current level of 10 percent.
The version of the amendment that passed the Senate last year would have gone further to protect NC taxpayers by lowering the cap to 5.5 percent. The House’s version may face opposition in the Senate.
If passed by the General Assembly, the constitutional amendment would come before voters in November for final approval.
Voters seemed to be just fine with the proposed 5.5 percent.
A June 2018 Civitas Poll of likely voters found that 66 percent of respondents supported a cap of 5.5 percent, with 13 percent opposing the measure and 21 percent saying they were unsure.
Check out the interactive chart below to explore demographic breakdown of the poll results, you can drill down results by “category” then “group” for crosstab info. You will notice that the 5.5% cap enjoyed broad support from every major category. You can also view the complete crosstabs here.