On 3 October 2023, House Bill 259 became law in the U.S. State of North Carolina, without Governor Cooper's signature. Among other things, the bill amends the corporate franchise tax for C cooperations. Currently levied at a rate of USD 1.50 per USD 1,000 corporation's tax base, the tax is changed to USD 500 for the first USD 1 million of the tax base plus USD 1.50 per USD 1,000 of the tax base that exceeds USD 1 million. The amendment is effective for taxable years beginning on or after 1 J…