N.C. Panel Proposes Incentives for State Furniture Industry

January 23, 2007  by in UnCategorized   

By Home Furnishings Business in on January 2007 A North Carolina General Assembly study panel has proposed a package of incentives and tax breaks to help keep the state’s furniture industry competitive with lower-cost imports.

The study group recommended legislation that would exempt furniture plants from property taxes and give tax credits for job creation and expansion.

The commission also recommended that the state spend $2 million for a new furniture-technology center in Hickory and create a fund of up to $5 million to support the state’s furniture industry.