August 16, 2012
Governor Beverly Perdue
C/O Mr. Mark Davis – Attorney
FAX: (919)733-2120– 4 pages
Dear Mr. Davis:
Senate Bill 272 signed by Gov. Perdue allows the N.C. State Bar to evade state and federal taxes on its Interest on Lawyers’ Trust Fund (IOLTA) Account.
Per NCGS § 143C‑2‑1, the Governor is Director of the (State) Budget.
I therefore write to inform you that Governor Perdue and Lt. Governor Dalton both signed Senate Bill 272, which allows the NC State Bar evade state and federal taxes on its IOLTA trust fund.
I am sure that if Gov. Perdue and Lt. Gov. Dalton realized what they signed, that they would immediately rescind that bill.
I am sure you will alert her accordingly.
Enclosure: NC Senate Bill 272
Email from NC State Controller’s office re NC State Bar failure to report IOLTA