Bill Summaries: H355 (2011-2012 Session)

Tracking:
  • Bill H 355 (2011-2012)
    Summary date: Mar 15 2011 - View summary

    GS 105-277.8 currently allows the value of real and personal property owned by a nonprofit homeowners’ association to be included in the assessments of the property owners and not the association if certain criteria are satisfied. Act amends the list of criteria to add a requirement that all of the property owned by the association be contained entirely within the same taxing jurisdiction as the member-owned property. Effective for taxable years beginning on or after July 1, 2011.
    Property and Housing, Tax
    GS 105

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