AN ACT TO MODIFY THE EXEMPTION FOR REAL PROPERTY USED FOR RELIGIOUS PURPOSES AND TO AUTHORIZE THE HOLDER OF A LIMITED DRIVING PRIVILEGE TO DRIVE TO AND FROM THE PERSON'S PLACE OF RELIGIOUS WORSHIP.
Amends GS 105-278.3, concerning tax exemptions for real and personal property used for religious purposes, making technical and organizational changes. Adds new language that provides that real property does not need to meet the requirement that it be exclusively used for religious purposes in order to be exempt from taxation if (i) it is under construction, (ii) it is intended to be wholly and exclusively used by its owner for religious purposes upon completion, and (iii) it is located on property that meets the requirements of GS 105-278.3(a). Provides that real property is considered to be under construction until 90 days after a certificate of occupancy is issued.
Effective for taxes imposed for taxable years beginning on or after July 1, 2015.
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