AN ACT TO INCLUDE CERTAIN SOLAR ENERGY PROPERTY AS NONSYSTEM PROPERTY.
Amends GS 105-333(12) to establish that real and personal property used directly and exclusively for the conversion of solar energy to electricity are to be treated as nonsystem property as that term is used in Article 23 of GS Chapter 105 (Public Service Companies). Applies to taxes inposed for taxable year beginning on or after the July 1, 2019, effective date.
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