Update: On January 6, 2022, the U.S. Department of the Treasury issued the Final Rule, which governs the eligible uses of Coronavirus State and Local Fiscal Recovery Funds (“SLFRF”) under the American Rescue Plan Act (“ARPA”). The Final Rule makes several key changes to the Interim Final Rule, including expanding the eligible uses of CSLFRF and easing the administrative burden for some program requirements.
The federal American Rescue Plan Act of 2021 (ARP) established Coronavirus State and Local Fiscal Recovery Funds (“FRF”), which will be distributed to state and local governments for the purpose of responding “to the public health emergency with respect to the Coronavirus Disease 2019 (COVID–19) or its negative economic impacts, including assistance to households, small businesses, and nonprofits, or ai
UPDATE: In July 2022, U.S. Treasury and HUD jointly released an “Affordable Housing How-To Guide” here: https://home.treasury.gov/system/files/136/Affordable-Housing-How-To-Guide.pdf. Please consult that document in conjunction with the state law information provided below and in charts here and here.
The federal American Rescue Plan Act of 2021 (ARP) established Coronavirus State and Local Fiscal Recovery Funds (“FRF”), which will be distributed to state and local governments for the purpose of responding “to the public health emergency with respect to the Coronavirus Disease 2019 (COVID–19) or its negative economic impacts, including assistance to households, small businesses, and nonprofits, or aid to impacted industries such as tourism,
The federal American Rescue Plan Act of 2021 (ARP) established Coronavirus State and Local Fiscal Recovery Funds (“FRF”), which will be distributed to state and local governments for the purpose of responding “to the public health emergency with respect to the Coronavirus Disease 2019 (COVID–19) or its negative economic impacts, including assistance to households, small businesses, and nonprofits, or aid to impacted industries such as tourism,
BACKGROUND: COBRA HEALTH INSURANCE CONTINUATION COVERAGE When an employee separates from service, whether voluntarily or involuntarily, or has work hours reduced to the extent that the employee no longer qualifies for participation in the employer’s group health plan, the Consolidated … Read more
BACKGROUND: COBRA HEALTH INSURANCE CONTINUATION COVERAGE
BACKGROUND: COBRA HEALTH INSURANCE CONTINUATION COVERAGE
How many taxpayers have asked you this question: “Can I get a partial refund on my property taxes if I sell the property in the middle of the year?” The short answer is normally, “No, we don’t prorate property taxes.” … Read more
How many taxpayers have asked you this question: “Can I get a partial refund on my property taxes if I sell the property in the middle of the year?” The short answer is normally, “No, we don’t prorate property taxes.” But that’s not the complete answer.
Under the Machinery Act (the odd name for the portion of North Carolina General Statutes Chapter 105 that governs local property taxes), property taxes are a bit like pregnancy; property is either taxable for the full year or it’s not taxable for any of the year. There is usually no in-between.