EXPAND CHARITABLE PROPERTY TAX EXEMPTION.

Printer-friendly: Click to view
View NCGA Bill Details2011-2012 Session
House Bill 179 (Public) Filed Thursday, February 24, 2011
TO MODIFY THE EXEMPTION FOR PROPERTY USED FOR CHARITABLE PURPOSES.
Intro. by Daughtry.

Status: Ref To Com On Finance (House Action) (Feb 28 2011)

Bill History:

H 179

Bill Summaries:

  • Summary date: Feb 24 2011 - View Summary

    Amends GS 105-278.7 to provide that in spite of the exclusive use requirements of subsection (a), if part of a property is used for a purpose that qualifies it for the charitable property tax exemption if the entire property were used for that purpose, and if the rest of that property is vacant, then the valuation of the entire property is exempt from taxation. Effective for taxes imposed for taxable years beginning on or after July 1, 2011.