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North Carolina Tax Loophole Under Fire | Durham News
A sneaky tax loophole in North Carolina lets for-profit companies dodge property taxes by piggybacking on nonprofit ownership—sometimes as little as one percent. This lets private equity firms buy affordable housing, jack up rents, and pay nothing in taxes, costing local governments millions annually. The House shut it down unanimously, but the Senate’s stalled, thanks to lobbying pressure. Still, there’s hope—lawmakers may revive the bill when they reconvene, fighting to make tax breaks serve communities, not corporations. Listen in comfort:Get a discount on a Soli Pillow…
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