WE HEAR FROM LEGISLATORS

Paul Fogleman,

Rep. Chris Malone of Wake County and Rep. Billy Richardson of Cumberland County have contacted the HTGAC offices to reinterate their support of our efforts to remove the $80 franchise tax imposed on new manufacturing equipment. Removal of the tax would cost the state $12 million out of a $22 billion budget. Our argument is that nothing should penalize hosiery and textile mills that are updating capabilities for 21st century manufacturing. Roy Cooper affirmed his support for removal in a discussion during a campaign stop in Hickory.

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