NC State Sen. Bob Rucho won't run for re-election

MATTHEWS, N.C. (AP) — A leading Republican proponent of overhauling North Carolina's tax system and opening the state to fracking won't seek re-election next year.

Sen. Bob Rucho of suburban Charlotte made the announcement on Thursday. Rucho said in an interview he has largely completed all that he set out to do during his 16-year tenure. The 66-year-old Rucho says he also wants to spend more time with his wife.

Rucho has been co-chairman of the Senate Finance Committee since the GOP took over the chamber in 2011. He's been the leading voice in the General Assembly for moving to a tax system based on consumption and reducing income taxes in the process.

Rucho also backed legislation to support natural gas exploration both inland and offshore.