A Possible Break For Contractors

Contractors with unsold homes would get more time to pay property taxes on them in a bill approved by North Carolina lawmakers.

The House agreed by a wide margin Thursday to allow construction firms to defer local property taxes on homes they've been unable to sell for up to three years.

Legislative staff says the bill could delay $35 million in taxes during the first year of the program, which expires in 2013.

Co-sponsor Rep. Harold Brubaker of Randolph County said the deferral would help struggling home builders that are otherwise the backbone of the economy. Rep. Leo Daughtry of Johnston County voted no because he said it would cost his county $1 million in delayed revenues.

The measure now goes to the Senate.


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  • by Sam Location: The Will on Jun 26, 2009 at 07:18 AM
    I think that this is a really good idea. As far as Leo saying that it will cost Johnston County one million, it sounds like he otherwise would get much of that share to himself, so he sounds like a major crook right there. We homeowners of North Carolina need a break to begin with, after getting cheated by the government for the longest time.
  • by Anonymous on Jun 26, 2009 at 05:30 AM
    With the thousands in new federal and state taxes and the new HO insurance fee that is getting ready to hit us, do us the common people get this same break? We are and will be struggling even worse in the very near future. Or is this a plan for the Govt. to own everything when people cannot pay?
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