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Realtors meet with legislators

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By Staff Brunswick Beacon

RALEIGH—More than 400 realtors from North Carolina descended on Raleigh for Legislative Day on June 11 to visit their legislators from each district and to discuss issues that affect the real estate industry, according to a news release.

Those issues included two bills that would repeal the 0.4 percent local option land transfer tax, as 19 counties had land transfer tax referendums and all were soundly defeated.

One of those counties, Gates, had the referendum twice and the margin of victory defeating the tax was even greater on the second attempt.

State Sen. David Hoyle, a Gaston County Democrat who sponsored the bill to repeal the land transfer tax, said those failures show the public does not want it.

“Babe Ruth would not be happy with this record; they all struck out,” said Hoyle, a finance committee co-chairman. “The people feel in my district, and in talking to folks around the state, that they should not continue to have this issue hanging over their heads.”

Other legislation discussed by realtors was the proposed coastal stormwater rules. These proposed rules, for the 20 coastal counties along the North Carolina coast, cause undo hardships to virtually every landowner and homeowner without the promise of significantly improving water quality.

The realtors also asked legislators to continue to fund the N.C. Housing Trust Fund, which allows citizens all over North Carolina to have an opportunity to experience the American dream of homeownership.