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Blue Ridge Loophole Still Open | Raleigh News
North Carolina just passed its budget — but left a massive property tax loophole wide open. Known as the Blue Ridge Housing loophole, it lets for-profit companies dodge hefty property taxes by partnering with nonprofits, even if those nonprofits own just a sliver of the property. The state House even passed a bipartisan bill to fix it back in May — but it’s now stuck in the Senate Rules Committee, likely due to behind-the-scenes lobbying. With lawmakers heading home and the loophole still unpatched, communities are losing millions — and the Senate’s silence is raising serious questions about…
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