- Associated Press - Wednesday, September 23, 2015

RALEIGH, N.C. (AP) - A package of reinvigorated economic incentives originally sought by North Carolina Gov. Pat McCrory has cleared its last General Assembly hurdle.

The House passed the compromise legislation by a vote of 78-24 on Wednesday, a day after the chamber’s preliminary approval. Senators passed the bill Tuesday with a unanimous vote.

The bill now heads to McCrory’s desk.

The “North Carolina Competes” legislation extends the state’s primary corporate recruitment tool through 2018. It also increases the annual value of authorized Job Development Investment Grants while providing an exception if the state uses grants for something like a car plant.

Incentives adjustments also try to help economically distressed counties more. Sales tax exemptions are expanded for computer data centers and extended on aviation fuel to all interstate airlines.


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