Well, that took forever. But it sure happened quickly. Although this observation sounds like something Yogi Berra might have uttered, it accurately describes the General Assembly’s elimination of local privilege license taxes yesterday.  After debating this move for years, once … Read more

Well, that took forever. But it sure happened quickly. Although this observation sounds like something Yogi Berra might have uttered, it accurately describes the General Assembly’s elimination of local privilege license taxes yesterday.  After debating this move for years, once it made up its mind to act the legislature took only two weeks to go from a bill introduction to the governor’s signature. The final version of the bill, S.L.

Well, that took forever. But it sure happened quickly. Although this observation sounds like something Yogi Berra might have uttered, it accurately describes the General Assembly’s elimination of local privilege license taxes yesterday.  After debating this move for years, once it made up its mind to act the legislature took only two weeks to go from a bill introduction to the governor’s signature. The final version of the bill, S.L.

G.S. 159-28 is often referred to as the “preaudit statute,” but it actually prescribes two distinct legal processes—the preaudit process and the disbursement process. The statute envisions that most local government expenditures will be subject to both processes. As discussed … Read more

G.S. 159-28 is often referred to as the “preaudit statute,” but it actually prescribes two distinct legal processes—the preaudit process and the disbursement process. The statute envisions that most local government expenditures will be subject to both processes.

G.S. 159-28 is often referred to as the “preaudit statute,” but it actually prescribes two distinct legal processes—the preaudit process and the disbursement process. The statute envisions that most local government expenditures will be subject to both processes.

Yes. But they didn’t mean to. And the repeal doesn’t affect privilege license taxes levied for the current fiscal year. (We think.) And they will (probably) fix the mistake this session. At the same time they might drastically change (in … Read more

Yes. But they didn’t mean to. And the repeal doesn’t affect privilege license taxes levied for the current fiscal year. (We think.) And they will (probably) fix the mistake this session. At the same time they might drastically change (in other words, limit) cities’ authority to levy these taxes. Or they might do nothing and let the (mistaken) repeal stand. Does that all makes sense? If not, join the club. It’s been a confusing few months for folks who work in the area of municipal privilege license taxes.

Yes. But they didn’t mean to. And the repeal doesn’t affect privilege license taxes levied for the current fiscal year. (We think.) And they will (probably) fix the mistake this session. At the same time they might drastically change (in other words, limit) cities’ authority to levy these taxes. Or they might do nothing and let the (mistaken) repeal stand. Does that all makes sense? If not, join the club. It’s been a confusing few months for folks who work in the area of municipal privilege license taxes.

[UPDATE:  S.L. 2014-39 amended the site infrastructure deferral by eliminating the requriement that the property have previously been participating in the present use value deferral program for farmland and by changing the deferral calculation.  The updated post below reflects these changes.] This … Read more