NC House Leaders Want to Reinstate Back-to-School Tax Holiday, Offer Tax Breaks on Tips

Next week’s House budget will slash state taxes on tips

The North Carolina House of Representatives is set to release its 2025 state budget early next week, with votes anticipated by midweek. On Friday, House leaders offered a glimpse into the budget’s tax priorities, which include two key initiatives aimed at easing financial burdens on North Carolinians. The House budget proposal will slash taxes on tips for North Carolina workers. The first $5,000 of tips earned by service industry workers, such a…

NC House leaders want to reinstate back-to-school tax holiday, offer tax breaks on tips

The chamber's proposed budget seeks to reinstate an annual back-to-school sales tax holiday that was canceled 10 years ago. The proposal would also offer tax relief to service-industry employees.