North Carolina Senate GOP seeks even lower income tax rates

RALEIGH, N.C. (AP) — Top leaders in the North Carolina Senate want to reduce the state’s already falling individual income tax rate even further than what’s already set to happen. Senate leader Phil Berger and the chamber’s Senate Finance Committee chairmen are among those filing a bill on Wednesday that would lower the rate beyond what’s currently set to happen through the 2021 budget law. That law lowers the rate in annual increments from its current 4.75% to 3.99% starting in 2027. The new Senate measure instead would reduce the rate more deeply each year, reducing it to 2.49% for…