RALEIGH – In the waning days of the legislative session, North Carolina lawmakers may give a big tax break to large, multi-state corporations that do business in the state.
Not that legislators will say that's what they are doing. They'll talk about tax fairness or uniformity.
In fact, if the bill in question passes, legislators will be giving multi-state corporations a green light to engage in the kind of creative accounting that state tax officials have been fighting for a couple of decades.
The result will be a tax break. No one will ever really know its true value.