Defines the value of a self-service storage facility (defined) for purposes of taxation at its true value under GS 105-284 (uniform assessment standard) as based upon the land on which the facility is situated and any improvement thereon, less normal depreciation and obsolescence, and exclusive of business intangible value (defined). Effective for taxes imposed for taxable years beginning on or after July 1, 2026.
ASSESSMENT OF SELF-STORAGE FACILITIES.
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View NCGA Bill Details(link is external) | 2025-2026 Session |
AN ACT TO MODIFY THE UNIFORM ASSESSMENT STANDARD FOR SELF-SERVICE STORAGE FACILITIES.Intro. by Johnson.
Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Feb 27 2025)
Bill History:
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Wed, 26 Feb 2025 Senate: Filed(link is external)
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Thu, 27 Feb 2025 Senate: Passed 1st Reading(link is external)
S 178
Bill Summaries:
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Bill S 178 (2025-2026)Summary date: Feb 26 2025 - View Summary
View: All Summaries for Bill