North Carolina defers a section of the property taxes on the assessed value of the permanent residence occupied and owned by a resident of North Carolina. The resident must have occupied and owned the…
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If the income of the owner is more than $27,100 and equal or less than $40,650, then the section of the property taxes on the residence that goes beyond 5% of the income of the owner can be deferred (Guilford County Tax Department, 2009).
Other additional mechanisms of property tax relief used by the state of North Carolina include Homestead Exclusion for the Elderly and Disabled and Disabled Veteran Exclusion. The most effective mechanism is the Disabled Veteran Exclusion program. The program omits up to the first $45,000 of the evaluated or assessed value of the permanent residence of veteran who has been discharged honourably and is totally and permanently disabled and gets benefits for specially adapted housing; the disability ought to be service connected. The program lacks income or age limitation. The benefit is also available for unmarried surviving spouses of a disabled veteran honourably discharged (Guilford County Tax Department,
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A commercial lease agreement is made when a commercial real estate such as an office, store, warehouse etc is to be rented. The Landlord and Tenant Act, 1954, governs these agreements. These agreements fulfill all the essential requirements of a valid contract and can, therefore, be regarded as contracts.
The case is discussed with the help of three major questions. Legally both Pam and Katie have interest in 1010 Central Road. It is because to some extent both are associated with the property, directly or indirectly. Jenny is the property owner, the sole owner of the property as per record.
What is even worse is that ignorance of the law is no excuse. Moreover, not only is there similarity in product but then there is similarity in the sound of the name of Reed’s shoe line with Raybok. Jassin (2011) posits that “if a company can demonstrate that another company's name could cause confusion among potential customers, it can sue for trademark infringement, even if the trademark isn't registered.” Based on the discussion above, Reed would not have any right to use the name Reedbok for his line of shoes.
Accounting Question one Tax exempt health care organizations rely upon bond issues to finance large scale capital projects. Describe the process in which the board and senior leadership take the organization to the capital market. What is the advantage of tax exempt bonds to both the issuer and investors?
The efficient management will have a positive impact on the returns on investment. It has quotations that govern several businesses, properties and tenants. Part II, of the act, contains the statutory code that governs business tenancies. The initial part, Part II of the act whose stipulations dealt with the protection of the residential tenancies, is in the modern days greatly outdated.
There are also some patents known as the design patents which are known for protecting the decorative embellishments, shapes or any ornamental features. As the share of trade off taking place between the public and inventors, one of the
Foreclosures, as we know, are not what the bank wants when granting a home loan. Each foreclosure brings additional expenses to a bank that it must work hard to overcome. In essence, the mountain of foreclosures have unwillingly turned many of the nation’s banks into a de facto real estate agent, with some holding the titles to literally thousands of homes in a given area at any one time.