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Welcome to This Week at the Capital, your detailed breakdown of the legislation that matters most to your business. The NC Chamber tracks the bills our advocacy team is monitoring, in accordance with our 2023 legislative agenda, describing where those bills are in the legislative process and whether we support or oppose them on your behalf.

Throughout the legislative session, bills of high importance to the business community are added under one of the three pillars of North Carolina Vision 2030, the NC Chamber Foundation’s strategic road map for our state’s future. These pillars include Education and Talent SupplyCompetitive Business Climate, and Infrastructure and Growth. Votes and sponsorships on the legislation listed here will ultimately be considered for inclusion in How They Voted, our post-session legislative report card.

March 23, 2023 Edition

The NC Chamber has a history of leading on infrastructure issues, and creating a modernized transportation funding structure continues to be top of mind for our team as we work to keep our residents and visitors safe, improve our quality of life, and meet the demands of a growing state. We were pleased to see Senate Bill 354: NC TEN filed this week.

The NC TEN Commission, a group of stakeholders led by Senator Vickie Sawyer, met at the end of 2022 to vote on which transportation revenue items should be considered by legislators during the 2023 session. The conversation centered around four areas of revenue changes: registration fees, user fees, sales taxes, and technology fees. Stakeholders broke into groups, discussed each of these buckets and then proposed action steps. The legislation filed this week is a result of that work and would enact a number of policy changes to diversify transportation infrastructure funding. The NC Chamber commends members of both chambers for their collaboration on this work.

The NC Chamber team is also supporting two bills that innovate in the housing space. As housing continues to be cited as a key factor in the state’s workforce challenges, it will take continued reimagining of this infrastructure to maintain our competitive position.

This week also brought scrutiny of the NC Chamber’s position on the corporate tax rate after several advocates attempted to use our brand in their efforts to freeze the rate where it stands today. Make no mistake, we want our tax rates, both personal and corporate, to be the most competitive. Right now, the biggest challenge to that is our franchise tax and we will continue to advocate for its elimination.

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