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You're not thinking turkeys and stuffing during these months of sun and strawberries, but it's still important to "think Thanksgiving" and show your gratitude. Consider participating in our annual event to show our appreciation to local government officials and staff and make sure that you tell Council members thank you for their vote to move Chapel Hill forward. Also, your opinion is solicited! In addition to our annual Member Survey, the Town of Chapel Hill is asking for your input on LUMO revisions and the state Chamber is asking your feedback on taxes and economic development. Read more below in this month's Government Matters!
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Local Government Appreciation Reception
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Photo credit: Nicholas C. Johnson
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Join us 6-8 p.m., Tuesday, June 30 at the Carolina Club for our Local Government Appreciation Reception presented by PSNC Energy. This annual event offers an opportunity to meet informally with, and show the business community's gratitude toward, elected officials from Carrboro, Chapel Hill, Hillsborough, Orange County and Chapel Hill-Carrboro City Schools, in addition to local government senior staff. Register online today! (Chamber board members, EDPP members, and Major Investors receive a free ticket). Contact Kristen with any questions.
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NC Chamber wants your feedback
Both chambers of the General Assembly are debating a *huge* bill on taxes and economic development, including a Senate proposal to redistribute sales tax revenue. Read more in the Times-News and the N&O, but please send us a quick email to weigh in on any of the following questions (where they are applicable to you and your business):
- What is the impact of a reduction in the sales tax refund for non-profits cap from $45 million to $1 million over 4 years?
- What impact will the proposed changes to the Job Development Investment Grant (JDIG) formula mean to economic development in your area/region? (Find the new proposed formula on page 1 of the Summary of Plan Components document).
- What impact will a reduction in the franchise tax from a rate of 1.5% per $1,000 to 1.0% per $1,000 have on your business? Also, what will increasing the minimum tax from $35 to $200 mean?
- What companies take advantage of the 1%/$80 tax that applies to mill machinery and what impact will a change to 4.75%/$500 have on your business?
- What impact do further reductions in the corporate income tax (4% in 2016 and 3% in 2017) and personal income tax to 5.5% mean for businesses (fiscal impact here)?
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Save the Date to Advocate
- Tonight - last Carrboro Board of Aldermen meeting before the summer
- June 30 - Local Government Appreciation Reception
- July 1 - Town of Chapel Hill Accidental Alarm Ordinance is one year in place. If you have registered your alarm, do it today!
- July 3 - Chamber Office & Local Government Offices closed in observance of Independence Day
- July 6, 8.a.m. - Candidate Filing Opens
- July 17, 12 noon - Candidate Filing Closes
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| |  | This email newsletter is presented to you by the Chapel Hill-Carrboro Chamber of Commerce. Designed by DesignHammer. |
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