Last year I blogged about the increasing willingness of local governments to push back against charitable property tax exemptions for non-profit organizations. Two recent law review articles demonstrate that this trend continues to gather steam. Although the articles involve different types of non-profits and different types of property, they both focus on the same key property tax exemption...
Sadly the Panthers are not returning to the Super Bowl this year. Despite Cam’s absence from the big game, much of America will still be watching. And drinking. A lot.
One frequently cited study suggests that over 325 million gallons of beer will be consumed during the big game. That seems high, as this Asheville newspaper points out. But regardless of the actual total, we know that...
One of my favorite movies turns 30 this year. I love “The Untouchables” because it’s loaded with big stars (Costner, Connery, DeNiro), teaches key life lessons (don’t bring a knife to a gun fight) and–most importantly from my geeky perspective–taxes play a prominent role in the plot. In the movie as in real life, gangster boss Al Capone is eventually imprisoned not for smuggling, extortion,...
Time for a pop quiz: G.S. 105-381 governs refunds and releases (aka waivers) of which of these local government taxes and fees?
A. Property taxes.
B. Occupancy taxes.
C. Solid waste fees.
D. Water & sewer fees.
E. All of the above.
The answer is . . .A. Property taxes.
The only local government tax or fee...
For many this is the season of giving. In that spirit, this post addresses frequently asked questions about donations to local governments.
May a local government or public authority (collectively referred to as “local unit”) accept donations of real or personal property (including money and gift cards)?
Yes. A local unit may “acquire and hold any...
$19 billion. That’s the rough market value of exempt property owned by non-profit educational institutions and charitable hospitals throughout North Carolina, according to the most recent figures from the N.C. Department of Revenue.
Under G.S. 105-278.4 and G.S. 105-278.8, property owned by private schools, colleges and universities or by charitable hospitals is exempt from property...
If I sell you my house, you need to worry about old property taxes on that house. If those taxes aren’t paid, you will become personally responsible for them. Your wages, bank accounts and cars may become targets of enforced collections actions by the county.
But if I sell you my boat, you don’t need to worry about old property taxes on that boat. You will never be personally...
When done properly, a property tax foreclosure can be an efficient method of satisfying old property taxes while transferring property to new owners who are more likely to pay future property taxes. When not done properly, a tax foreclosure can produce a hornets’ nest of litigation. A recent decision from the North Carolina Court of Appeals offers an example of the latter unfortunate...
The annual School of Government publication, Finance Calendar of Duties (2016–2017), identifies the timeline throughout the fiscal year for the principal accounting, financial reporting, and budgeting duties of city and county officials. This calendar is part of the Local Finance Bulletin series.
For North Carolina local governments and private sector contractors, architects, engineers, and others interested in the legal requirements for local government construction and professional design services contracting, this loose-leaf book provides the guidance you need. Each chapter provides a summary of the legal requirements for various aspects of the construction contracting process, and...
County and Municipal Government in North Carolina
The Finance Officer / 374
Official Bonds / 374
The Accounting System / 375
Statutory Requirements / 375
Generally Accepted Accounting Principles
for Governments / 376
Counties’ and Cities’ Own Needs and Capabilities / 377
Control of Expenditures / 377
Preauditing Obligations / 377
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