New North Carolina Laws Shake Up Auto Insurance and Tax Rates, Impacting Budgets Statewide
Raleigh, North Carolina – A pair of new state laws introduced in North Carolina on Wednesday are poised to impact residents financially, with changes in both auto insurance requirements and personal income tax rates. These developments are part of the state’s ongoing adjustments to economic policies affecting daily living costs for its populace. Under the newly enacted legislation, North Carolina drivers will have to navigate an increase in the minimum liability limits necessary for auto insurance. Previously set limits have now been raised to $50,000 for individual bodily injury per accident, and $100,000 for bodily … Read more