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.
EXPAND CHARITABLE PROPERTY TAX EXEMPTION.
Printer-friendly: Click to view
| View NCGA Bill Details | 2011-2012 Session |
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:
-
Wed, 23 Feb 2011 House: Filed
-
Mon, 28 Feb 2011 House: Passed 1st Reading
-
Mon, 28 Feb 2011 House: Ref To Com On Finance
H 179
Bill Summaries:
-
Bill H 179 (2011-2012)Summary date: Feb 24 2011 - View Summary
View: All Summaries for Bill