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Articles in regional publications that pertain to a wide range of North Carolina-related topics.

Economic Development Grants Linked to Property Taxes: Constitutional Concerns

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A number of North Carolina cities and towns are seeking to attract new business by offering incentive grants linked to property taxes. This means that a business that invests money in a new plant and equipment would receive property tax relief for a specified number of years. In essence the local government is refunding part of the taxes paid on property and creating a partial exception of the property from taxation. This bulletin examines whether such action is legal under the NC Constitution.
Local Government Law Bulletin (NoCar KFN 7830 A15 L6), Vol. Issue 84, June 1998, p1-4, f