Your hard-earned dollars matter, and that’s why the North Carolina Homeowners Alliance is monitoring important legislation that could affect your wallet in positive and negative ways alike. Here’s the scoop:
Repealing the Services Sales Tax
An effort is underway to repeal the state’s sales tax on labor and services, including home repairs, vehicle maintenance, appliance installations and more.
Auto Insurance Rate
The North Carolina Rate Bureau recently submitted a proposal to the North Carolina Department of Insurance (NCDOI) to increase auto insurance rates statewide by 13.8%.
More Utility Costs?
State lawmakers are considering a bill that would allow landlords to charge tenants for the cost of providing natural gas to a leased premise. The aim of this bill is to encourage energy conservation, however, it may increase monthly utility costs for consumers.
Another measure that is pending in the North Carolina Senate would encourage towns and counties to privatize their water utilities, which could inadvertently cause monthly rates to increase for homeowners.
Stay tuned – as always, the North Carolina Homeowners Alliance will track these proceedings and provide you with updates when we hear anything new.