New Sales Tax Legislation Affects Property Owners Associations

A recent North Carolina Sales Tax law has a direct impact on the budget of just about every property owners association.On July 1, the state legislature passed House Bill 1030 – Current Operations and Capital Improvements Appropriations Act of 2016, also known as the “budget bill.” In it are a number of noteworthy changes to current sales tax statutes, the most significant of which affect taxation of repair, maintenance and installation (RMI) services. RMI are services performed on tangible personal property. New rules went into effect making certain RMI services taxable.     Read the article…………….


Related Articles

(CA) Court Rejects Challenge to Rental Restriction in CC&Rs Amendment and Awards Attorneys’ Fees to Association

In an unpublished opinion, the California Court of Appeal for the Third District ruled in favor of an association when

Condominium Association Handicap Parking Lawsuit (IL)

In a recent Illinois court case, a renter sued a community association claiming that the unavailability of handicap-accessible parking violated

(MA) Arbitrators’ Award of Attorney’s Fees Thrown Out Because Parties’ Agreement Did Not Provide for It

voided an arbitration panel’s award of attorney’s fees because the terms of the parties’ arbitration agreement did not specifically provide that the prevailing party could be awarded fees