Laws & Taxes

Governor McCrory Signs Bill to Support New Renewable Energy Projects
“I am pleased to sign Senate Bill 372 to bring new renewable energy projects online in North Carolina,” said Governor McCrory. “Renewable energy is an important part of an all-of-the-above energy policy that produces clean power, creates jobs and generates revenue in communities that need it most.”
More than 1 million NC taxpayers, working families benefited from state Earned Income Tax Credit
After economists gathered earlier this week to discuss the important role of tax credits for working families in supporting an inclusive economy, the Budget & Tax Center released a report today detailing the reach of the state Earned Income Tax Credit (EITC).
North Carolina Real Estate Investor Indicted for Conspiracy to Commit Mail Fraud
The department alleged that the scheme defrauded homeowners, financial institutions and others with a legal interest in selected foreclosure properties, for the unlawful purpose of obtaining money and property through fraudulent pretenses, representations or promises.
2,200 NC homeowners get chance at money back from SunTrust
Claims notices in the mail to victims of wrongful foreclosures.
McCrory’s budget proposal ignores need for investments in families, communities
Proposal fails to rollback harmful cuts and lacks plan for broadly shared prosperity, new report finds.
McIntyre Announces Over $9 Million For Improvements to Bladen County Multi Family Housing Units
WASHINGTON, D.C. - September 30, 2013 - (RealEstateRama) -- U.S. Representative Mike McIntyre announced today $9,330,613 in federal funds to make improvements to six different multi-family housing units in Bladen County.
Foxx Statement on H.R. 41
Washington, D.C. - January 08, 2012 - (RealEstateRama) -- Congresswoman Virginia Foxx, R-NC, today issued the following statement regarding her vote against H.R. 41, legislation that would increase federal deficit spending by granting additional borrowing authority to the government-run flood insurance program
FORMER NORTH CAROLINA BUILDER ARRESTED AND CHARGED WITH TAX OBSTRUCTION AND CONVERSION OF GOVERNMENT PROPERTY
WASHINGTON, DC - July 25, 2012 - (RealEstateRama) -- William B. Clayton, a residential builder formerly of Corolla, N.C., was arrested yesterday on charges of obstructing the tax laws and converting government property, the Justice Department and Internal Revenue Service (IRS) announced. Clayton had his initial appearance today before U.S. Magistrate Judge William A. Webb in the Eastern District of North Carolina
Lawmakers Agree With McIntyre Call to Support Homeowners and Help Spur Economy
Washington, D.C. - November 16, 2011 - (RealEstateRama) -- U.S. Congressman Mike McIntyre announced today that he has helped restore recently reduced home loan limits for the Federal Housing Administration.
State to Gain More Than $300 Million in Affordable Apartments
July 6, 2011 - (RealEstateRama) -- Federal tax credits and other financing awarded last week to build affordable apartments is expected to support 6,900 jobs statewide. More than $300 million in development will result from the federal tax credits, bonds, and loans approved by the Tax Reform Allocation Committee and the North Carolina Housing Finance Agency.
Duke Energy Resolves Wyoming Wind Farms Property Tax Appeal
CHARLOTTE, N.C. - January 24, 2011 - (RealEstateRama) -- Duke Energy has reached a settlement with the Wyoming Department of Revenue on the company’s 2010 property tax valuation appeal.
New law to protect homeowners, homebuyers starts Friday
Raleigh, NC - September 30, 2010 - (RealEstateRama) -- North Carolina homeowners, especially those struggling with financial problems, will have more protection from schemes that can lead to problems like foreclosure starting Friday, Attorney General Roy Cooper said today.
State to Gain $229 Million in Affordable Apartments
Raleigh, NC - August 17, 2010 - (RealEstateRama) -- North Carolina will gain $229 million in affordable rental apartments as the result of federal tax credits approved this week by the Tax Reform Allocation Committee and loans from the North Carolina Housing Finance Agency.
Justice Center urges lawmakers to protect North Carolina’s homes from abusive practices on Tuesday
RALEIGH, NC - May 24, 2010 - (RealEstateRama) -- Homeowners struggling with the worst economic crisis since the Great Depression shouldn't have to worry about scams designed to rob them of hard earned equity in their home or put them in costly contracts that promise but do not deliver homeownership.
AG gets judgments against two defendants in mountain real estate scheme
Raleigh - March 11, 2010 - (RealEstateRama) -- Attorney General Roy Cooper got consent judgments this week against two of the defendants in the Village of Penland real estate scheme, Richard Amelung and J. Kevin Foster