Cooper's signing announcement came several hours after he vetoed another bill that would have reduced corporate franchise taxes.
The Republican-penned measure signed on Friday increases the standard deduction - meaning the amount of income on which filers pay no taxes - by $750 to $1,500 starting in 2020. For a single filer, the deduction will now be $10,750.
The new law also directs companies like Amazon to collect sales taxes on consumers buying products they offer through third-party retailers. It's designed to collect more taxes from out-of-state retailers given a recent U.S. Supreme Court decision.
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