North Carolina’s corporate income tax is scheduled to vanish entirely after 2029. What distinguishes API’s proposal from the usual genre of a think-tank wish list is its insistence on a distinction most politicians would rather blur: the difference between tax relief and tax reform. The report rejects immediate zero income tax on the ground that the arithmetic is unsentimental: individual income tax receipts fund roughly 69% of the Education Trust Fund. The report’s conclusion, delivered without triumphalism, is that full repeal “is not tax relief. That could open a path to stronger reductions in the income tax.