North Carolina property tax law, nicknamed the Machinery Act, contains many dozens of full or partial exemptions for property as diverse as free drug samples, uranium 233, and Loyal Order of the Moose clubhouses.
This blog post attempts to identify which of these property tax breaks that might be relevant to a local government’s community and economic development plans. Before we get to that list, I first offer some context and general observations about North Carolina’s property tax system.
Uniformity
North Carolina property tax law, nicknamed the Machinery Act, contains many dozens of full or partial exemptions for property as diverse as free drug samples, uranium 233, and Loyal Order of the Moose clubhouses.
This blog post attempts to identify which of these property tax breaks that might be relevant to a local government’s community and economic development plans. Before we get to that list, I first offer some context and general observations about North Carolina’s property tax system.
Uniformity
Nearly 200 North Carolina counties and municipalities levy occupancy taxes. Almost all of them are required to use some percentage of their occupancy tax revenues for “tourism-related” expenditures. Last week our state courts issued their first appellate opinion examining exactly … Read more
Nearly 200 North Carolina counties and municipalities levy occupancy taxes. Almost all of them are required to use some percentage of their occupancy tax revenues for “tourism-related” expenditures. Last week our state courts issued their first appellate opinion examining exactly … Read more
Nearly 200 North Carolina counties and municipalities levy occupancy taxes. Almost all of them are required to use some percentage of their occupancy tax revenues for “tourism-related” expenditures. Last week our state courts issued their first appellate opinion examining exactly what types of expenditures qualify as “tourism related.”
The Local Government Commission (LGC) is a nine-member state body situated in the Department of State Treasurer. G.S. Ch. 159, Art. 2. The commission monitors the fiscal management and financial condition of local governments and public authorities (providing assistance and … Read more
The Local Government Commission (LGC) is a nine-member state body situated in the Department of State Treasurer. G.S. Ch. 159, Art. 2. The commission monitors the fiscal management and financial condition of local governments and public authorities (providing assistance and … Read more
The Local Government Commission (LGC) is a nine-member state body situated in the Department of State Treasurer. G.S. Ch. 159, Art. 2. The commission monitors the fiscal management and financial condition of local governments and public authorities (providing assistance and engaging in more active interventions when needed), and approves the issuance of debt and certain other borrowings by local units.
After an approximately four-year tenure, the town manager files a confidential report claiming a hostile work environment. The town manager’s attorney negotiates a settlement agreement in which the town manager agrees to resign and not bring future legal claims against … Read more
After an approximately four-year tenure, the town manager files a confidential report claiming a hostile work environment. The town manager’s attorney negotiates a settlement agreement in which the town manager agrees to resign and not bring future legal claims against … Read more