Taxes
North Carolina Citizens Say “No” to the Home Tax
November 7, 2007 Posted by North Carolina Real Estate
Greensboro, NC, November 7, 2007 — By an overwhelming margin, citizens in 16 counties resoundingly defeated a real estate transfer tax on Tuesday night. The proposed transfer tax, also known statewide as the “home tax,” would have resulted in property owners being forced to pay an additional tax just for the privilege of selling their […]
North Carolina Estate Tax Information
September 5, 2007 Posted by North Carolina Real Estate
G.S. 105-32.2(a) - North Carolina imposes an estate tax on the estate of a decedent when a federal estate tax is imposed on the estate and the decedent was either (1) a resident of North Carolina who owned property in North Carolina or property that has a tax situs in another state or, (2) a […]
Senate committee approves bill on Medicaid costs that avoids transfer tax
July 12, 2007 Posted by North Carolina Real Estate
The state Senate finance committee has unanimously approved a bill that would have the state gradually take over Medicaid costs from North Carolina counties.
Real-estate group gains ground in lobbying against transfer tax
July 8, 2007 Posted by North Carolina Real Estate
The North Carolina Association of Realtors has spent about $500,000 spreading its message outside the Legislative Building. The investment appears to be working inside the building as legislators work to hash out a budget deal.
The complicated strategies use to avoid paying taxes
June 18, 2007 Posted by North Carolina Real Estate
When Wal-Mart sued North Carolina last year to obtain a $33 million tax refund, it caught the attention of some of the state’s top tax officials and lawmakers.