The N.C. Revenue Department argues in a state Supreme Court filing that tobacco manufacturer Philip Morris is misreading state law while trying to avoid an $8.7 million tax bill. The Richmond, Virginia-based company argues that it’s entitled to take $7.2 million in tax credits. The department disagrees.
North Carolina’s solicitor general is urging the nation’s highest court to reject a case challenging the state Revenue Department’s assessment of sales tax on out-of-state transactions. The U.S. Supreme Court will decide in the coming weeks whether to take the case titled Quad Graphics v. N.C. Department of Revenue.
Groups representing manufacturers, small businesses, and more than 500 large corporations hope the U.S. Supreme Court will take the case of a sales tax dispute from North Carolina. The nation’s highest court will make its decision about accepting or rejecting the case no earlier than mid-May.
With more than two-thirds of North Carolina s convenience stores and gas stations still without gasoline, Gov. Roy Cooper expressed confidence Thursday that normal supply levels will be available by early next week.
According to national fuel-tracking company GasBuddy.com, 68% of N.C. convenience stores and gas stations have limited or no gasoline supplies as of 10 a.m. Thursday.
That represents a slight improvement from 71% at 8 a.m. Thursday.
The GasBuddy.com reports are based primarily on drivers contributing their anecdotal observations onto the groupâs app or website.
Cooper and state Emergency Management officials are monitoring the effects of the Colonial Pipeline shutdown on gas supply in North Carolina and are remaining in close contact with federal officials.