HB 303 North Carolina House · 2025-2026 Session

Make Corporations Pay What They Owe.

HB 303, titled "Make Corporations Pay What They Owe," would repeal a planned phaseout of North Carolina's corporate income tax. Specifically, it reverses Section 42.2 of S.L. 2021-180, which had scheduled a gradual reduction in the corporate tax rate. This bill directly affects corporations subject to North Carolina's corporate income tax by preventing the tax rate from decreasing as previously scheduled. The legislation is procedural in nature, focusing on reversing a specific tax policy change rather than creating new tax rates or mechanisms.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Mar 2025

Committee Review

Floor Vote

Governor

Introduced Mar 5, 2025 Last action Mar 6, 2025

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What changed between versions

Filed → Edition 1 · 3 edits

MINOR

This bill underwent formatting and sponsorship updates during its initial filing stage. The most significant change is the addition of three new co-sponsors (Butler, Price, and Cervania) to Representative Morey's original sponsorship, which expands the bill's support base. The bill's core purpose remains unchanged - repealing the corporate income tax phaseout.

TECHNICAL

Added three new co-sponsors (Representatives Butler, Price, and Cervania) to the original sponsor list, expanding the bill's legislative support.

Updated bill identification numbers from DRH40107-NIf-52 to H303-v-1 and adjusted formatting to match standard House Bill presentation.

Added reference to the North Carolina General Assembly website for complete sponsor information, improving transparency.

Floor votes

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 6, 2025

Committee

Ref To Com On Rules, Calendar, and Operations of the House

lower

Mar 5, 2025

Introduced

Filed

lower

3 primary · 9 co-sponsors