1. NC House committee votes to close property tax loophole, limit tax hikes
Colin Campbell/WUNC News A state House committee voted Tuesday to close an affordable housing tax loophole that’s causing major budget problems for urban counties. Representative Erin Paré, R-Wake, says real-estate investors are abusing a tax exemption designed to help nonprofits build and operate affordable rental housing. It’s costing local governments, particularly in urban counties, millions […]