Displaying items by tag: NC Department of Revenue

RALEIGH — The N.C. Department of Revenue faced a legal setback last month in an ongoing fight over renewable energy tax credits. The state's top administrative law judge rejected the department's attempt to deny credits to a renewable energy investor.

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ROCKINGHAM — Richmond County is losing out on a huge chunk of tax revenue following a new valuation of a utility company's property by the state .

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ROCKINGHAM — One Richmond County Commissioner has come up with a potential compromise in a situation that has pitted the county government against all six municipalities in recent weeks.

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RALEIGH — Benefit or boondoggle? That’s the billion-dollar question.

North Carolina surpassed the $1 billion mark in renewable energy investment tax credits issued in 2018 — three years after the lucrative subsidy program to stimulate solar development expired. Taxpayers have picked up the bill, and could be on the hook for hundreds of millions of more tax credits in coming years.

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