Bill Summary for H 860 (2013-2014)

Summary date: 

Apr 15 2013

Bill Information:

View NCGA Bill Details2013-2014 Session
House Bill 860 (Public) Filed Thursday, April 11, 2013
A BILL TO BE ENTITLED AN ACT TO EXTEND A PROPERTY TAX EXEMPTION AND FAIRER TREATMENT TO FOR-PROFIT, TRUST-ENDOWED, STATE-REGULATED CEMETERIES.
Intro. by Stevens, Glazier.

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Bill summary

Amends GS 105-278.2 to provide that any real property set apart for human burial purposes is designated a special class of property and is exempt from taxation. Current law includes an exemption but does not allow the exemption if property is owned and held for purposes of (1) sale or rental or (2) the sale of burial rights. Deletes provisions in current law that applied to taxable real property set apart for burial purposes. Effective for taxable years beginning on or after July 1, 2013.

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