Elected Officials Reception

MATH Insurance will be networking with our elected officials Thursday night 5:30-7:00 at the Asheville Chamber. Elected officials from Buncombe, Henderson, Haywood, Madison, and Transylvania counties, as well as municipalities in our region will be in attendance. This is an excellent opportunity to network and express our concerns. This event is free to Chamber members and $15 for non-members.

Legislative Issues

One of NCHBA's top Legislative Priorities, H.B. 852 Defer Tax on Builders' Inventory, was enacted on Friday July 17th. This will allow home builders with unsold inventory to defer the portion of tax assessed for the improvements (construction of a home). All of the deferred tax, plus interest, must be paid when home is sold or occupied. This act is effective for taxes imposed for taxable years beginning on or after July 1st, 2010.