During the NC REALTORS state meetings in January, the NC REALTORS government affairs team presented the 2017 NC REALTORS® Legislative Priorities. Keep in mind that as the General Assembly long session progresses and new bills are introduced, these priorities are subject to change. The following is a brief snapshot. To view the entire document please click below ↓
Mortgage Interest and Property Tax Deductions
NC REALTORS® POSITION – Remove the cap on the allowed amount of both deductions on state taxes
Private Road Maintenance Agreements
NC REALTORS® POSITION – Improve the requirements on developers to ensure that roads can be brought up to NCDOT standards for acceptance into the state system. Develop a statewide roads database which clearly lists the roads designation and the corresponding maintenance authority.
What Was Said: (NC University School of Government) – This legislation should pass for the good of the state.
NC REALTORS® POSITION – Strengthen existing statutory prohibitions against using inclusionary zoning. Examine the elimination of extraterritorial jurisdictions. Continue the discussion from previous sessions of a constitutional amendment progibiting eminent domain actions for private purposes.
NC REALTORS® POSITION – Continue work on rate-making reform. Additionally, it is necessary to examine opportunities to amend the communication processes with policy holders to ensure clarity in rate levels to lessen the need for detrimental actions like consent to rate letters.
Private Process Servers
NC REALTORS® POSITION – Amend the law to allow for private process servers to be an allowable form of service for summary ejectment proceedings.
NC REALTORS® POSITION – Protect the current law setting the school start and end dates. Prevent additional and unnecessary volatility from local school boards setting district calendars.
Sales Tax on Real Estate Services
NC REALTORS® POSITION – Eliminate taxes on maintenance and repair services on rental property. Prohibit sales tax on professional services.
Economic Development Funding
NC REALTORS® POSITION- Continue the relationship with EDPNC and increase funding options for economic development projects across North Carolina.
Workforce Housing Loan Program
NC REALTORS® POSITION – Increase funding for the WHLP and the Housing Finance Agency housing programs.
Historic Preservation Tax Credits
NC REALTORS® POSITION – Preserve and increase historic preservation by continuing the current tax credits and allowing for residential credits.
NC REALTORS® POSITION – Provide a dedicated source of revenue for beach nourishment.