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.
EXEMPT REAL PROPERTY FOR BURIAL PURPOSES.
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| View NCGA Bill Details | 2013-2014 Session |
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.
Status: Re-ref Com On Finance (House Action) (May 8 2013)
Bill History:
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Thu, 11 Apr 2013 House: Filed
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Mon, 15 Apr 2013 House: Passed 1st Reading
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Wed, 8 May 2013 House: Reptd Fav
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Wed, 8 May 2013 House: Re-ref Com On Finance
H 860
Bill Summaries:
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Bill H 860 (2013-2014)Summary date: Apr 15 2013 - View Summary
View: All Summaries for Bill