Sen. Dan Blue

Maddy summarySB 675 sets a 2% maximum fee limit for second or junior lien mortgages in North Carolina, aligning state rules with federal Qualified Mortgage standards. It allows up to 3% total fees across all lenders for such loans, referencing federal guidelines (12 C.F.R. §1026.43(e)(3)). The bill directly affects borrowers taking second mortgages and lenders who charge fees on these loans. It requires lenders to comply with these fee limits on loans secured by real property, effective upon enactment.

Maddy summaryThis bill allocates $319 million from the state's General Fund to North Carolina's Medicaid program to cover anticipated changes in enrollment, service costs, and federal funding rates. The money is designated for the Department of Health and Human Services to use starting in the 2025-2027 fiscal year, with the funding officially beginning retroactively on July 1, 2025. By adjusting available funds based on projected healthcare shifts, the legislation aims to ensure the Medicaid program has sufficient resources to operate as demographics and costs evolve.

Maddy summarySB 975 directs the North Carolina Department of State Treasurer to conduct two studies regarding digital assets and remittance costs. The first study will evaluate the feasibility and risks of accepting digital assets, specifically stablecoins, for certain state fees, while the second study will examine ways to reduce transaction costs for residents sending money abroad. The bill explicitly prohibits the state from accepting digital assets for taxes or criminal fines and does not authorize agencies to hold or invest in these assets. A final report with recommendations is due by January 15, 2027, and the legislation appropriates $50,000 to fund these studies.

Maddy summaryThis bill authorizes the town manager of Garner, North Carolina, to settle specific legal claims without needing prior approval from the town council. It raises the limit for settling personal injury or property damage claims from $100 to $10,000, provided the settlement does not exceed the actual loss incurred. Additionally, the town manager can settle debts owed to the town up to $10,000 and handle eminent domain claims within the budgeted amount for approved projects. All settlements must be reviewed by the town attorney and reported to the council, and they will fully release the town from further liability regarding those specific claims.

Maddy summarySB 849, known as the Real Tickets, Real Fans Act, aims to protect consumers in North Carolina by regulating how entertainment event tickets are sold and resold. The bill defines specific terms like 'bots' and 'speculative tickets' and requires ticket sellers to clearly display the total price, including all mandatory fees, before a purchase is completed. It also prohibits the sale of speculative tickets, which are tickets not yet owned by the seller, and bans resellers from selling more than one copy of the same ticket. Additionally, the law restricts resellers from selling tickets before they are made available to the general public unless authorized by the event organizer.

Maddy summaryThis bill modifies how North Carolina taxes gains from 1031 exchanges, which allow property owners to swap real estate without immediately paying capital gains taxes. Under the new rules, taxpayers can deduct from their state taxable income any profit from such a swap that is classified as "non-like-kind" property, but only up to the amount of the original property's value. These changes apply to individuals or businesses participating in real estate exchanges starting with tax years beginning on or after January 1, 2026. The legislation aims to align state tax calculations with specific federal provisions regarding deferred exchanges.

Maddy summarySB 311, titled "The Law and Order Act," increases penalties for assaulting utility and communications workers while they are identifiable in uniform and performing duties. It also creates new offenses, including criminal possession of embalming fluid, larceny of gift cards, and unlawful possession of certain explosive devices. The bill enhances punishments for reckless driving causing death, hit-and-run offenses, and firearm use by felons during crimes, while adding a mitigating factor for impaired drivers using ignition interlocks. Additional provisions revise burglary penalties, expand workplace violence prevention to cover mass picketing, and establish civil liability for gift card theft. The bill directly affects workers in essential services and individuals committing specified violent or property crimes.

Maddy summarySenate Bill 110, titled "North Carolina Work and Save," establishes the North Carolina Small Business Retirement Savings Program. This program aims to help private-sector employees aged 18 and older in North Carolina save for retirement if their employer does not already offer a retirement plan. It enables participating employers to offer a voluntary payroll deduction Individual Retirement Account (IRA) arrangement for their employees. A new North Carolina Small Business Retirement Savings Board would be created to oversee the program and manage its funds through private-sector entities.

Maddy summarySB 145 proposes authorizing Mecklenburg County to levy an additional 0.5% sales tax for transportation funding, subject to voter approval. The bill requires that these funds supplement, not replace, existing transportation budgets and must be used exclusively for financing, building, operating, and maintaining public transportation systems within the county. It specifies that tax revenue must be distributed to Mecklenburg County and its public transportation authorities on a per capita basis, with strict rules against using funds for non-transportation purposes. The measure is currently pending in committee and would require a county referendum before implementation.

Maddy summarySB 584 authorizes counties to use specific sales tax revenue to fund local public transportation systems - including buses, light rail, bike lanes, and transit facilities - while requiring these funds to supplement (not replace) existing transportation budgets. It defines "public transportation system" broadly to include infrastructure like bus lanes, shared-ride services, and integrated fare systems. The bill also creates a new metropolitan public transportation authority for counties with over 1 million residents that border another state and operate light rail systems, giving them regional planning powers under specific rules. This authority would manage funding and coordination for transportation projects within its jurisdiction.