A BILL TO BE ENTITLED
AN ACT to reduce the corporate income tax rate in north carolina to compete with surrounding states.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 105‑130.3 reads as rewritten:
"§ 105‑130.3.  Corporations.
A tax is imposed on the State net income of every C Corporation doing business in this State. An S Corporation is not subject to the tax levied in this section. The tax is a percentage of the taxpayer's State net income computed as follows:
Income Years Beginning	Tax
				Before 2010	6.9%
In or after 2010	6.5%."
SECTION 2.  This act is effective for taxable years beginning on or after January 1, 2009.