Income Tax Cap
Constitutional amendment to lower the maximum allowable state income tax rate from 7% to 3.5%
What it actually does
NC's income tax rate is already scheduled to drop to 3.49% next year regardless of this vote. This amendment doesn't lower your taxes today โ it permanently prevents any future legislature from raising the income tax above 3.5%, even during a recession, natural disaster, or state emergency. Changing it later would require another statewide vote.
โ If it passes
Future legislators cannot raise income taxes above 3.5% without voter approval.
โ If it fails
The current 7% constitutional cap remains. Income taxes still drop to 3.49% next year as already planned.
๐ Arguments in Favor
Protects taxpayers from future tax hikes and locks in the legislature's commitment to lower taxes permanently.
๐ Arguments Against
Tying the state's hands during future emergencies could force cuts to schools, roads, disaster relief, and public safety when revenue is needed most.