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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.
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