Amends GS 105-278.3 concerning the use of real and personal property for religious purposes, providing that bona fide religious organizations, including those recognized by the IRS under section 501(c)(3) of the Code, may obtain tax exemption for their properties when the other requirements of the section are met.
Effective for taxes imposed for taxable years beginning on or after July 1, 2015.
Bill Summaries: S 458 RELIGIOUS ORGS: CLARIFY PROP. TAX EXEMPTION.
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Bill S 458 (2015-2016)Summary date: Mar 25 2015 - View Summary