systems

State of North Carolina Office of the State Controller

Michael F. Easley, Governor
Robert L. Powell, State Controller

August 10, 2001

M E M O R A N D U M NO. PR2001-015
 

TO: All Agencies Served by the State Controller's Office
Payroll Section
FROM: Roger Farmer
Payroll Administrator
SUBJECT: New Supplementl Federal Tax Rate

We have changed the supplemental tax rate used for federal income taxes from a flat rate of 28% to the new federal supplemental rate of 27.5%.  This rate will apply to any supplemental wage payments made after August 7, 2001.  Although the rate has been changed, the same rules apply as before.  We have listed the supplemental rates below:
 

SUPPLEMENTAL TAX RATES
OLD RATE
NEW RATE
FEDERAL
28.00%
27.50%
STATE
6.00
6.00

If there are any questions, please contact our office.
 

MAILING ADDRESS
1410 Mail Service Center
Raleigh, NC 27699-1410
Telephone:  (919) 981-5454
Fax Number: (919) 981-5560
State Courier: 56-50-10
Website:  www.ncosc.net
LOCATION
3512 Bush Street
Raleigh, NC
An Equal Opportunity/Affirmative Action/Americans With Disabilities Employer