{"id":513,"date":"2026-06-19T16:07:48","date_gmt":"2026-06-19T16:07:48","guid":{"rendered":"https:\/\/northcarolinamovingjournal.com\/?p=513"},"modified":"2026-06-19T16:07:48","modified_gmt":"2026-06-19T16:07:48","slug":"nc-senate-passes-expansive-revenue-bill-changing-vape-enforcement-rd-tax-breaks","status":"publish","type":"post","link":"https:\/\/northcarolinamovingjournal.com\/?p=513","title":{"rendered":"NC Senate passes expansive revenue bill changing vape enforcement, R&D tax breaks"},"content":{"rendered":"
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Senate Republicans passed a long-in-the-making revenue bill on Thursday despite controversy that it walks back a Trump administration research and development tax break. It now heads to the House for a final vote.<\/p>\n

Read more Trump changes pregnancy-prevention program to promote childbearing<\/a><\/p>\n

\u201cThe long saga of this bill is hopefully coming to an end,\u201d said Sen. Buck Newton (R-Wilson), who presented the resolution Thursday. \u201cThe majority of the provisions I want to talk about have already passed this body unanimously in the last session.\u201d<\/p>\n

Much of Senate Bill 595 is broadly popular among members of both parties. It includes provisions intended to provide financial institutions with the tools to intervene when they believe older or disabled adults are being targeted with financial exploitation. It also extends interest waivers and tax credits relating to Hurricane Helene.<\/p>\n

Additionally, the bill shifts enforcement of the vapor products registry from the Department of Revenue to Alcohol Law Enforcement. And it requires retailers to obtain a special license to sell alternative nicotine products \u2014 such as the rapidly growing segment of nicotine pouches \u2014 not just vapor products.<\/p>\n

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NC legislators report state budget progress<\/p>\n<\/blockquote>\n