Bill Summaries: S233 (2011-2012 Session)

Tracking:
  • Bill S 233 (2011-2012)
    Summary date: Mar 7 2011 - View summary

    Identical to H 179, filed 2/24/11.

    Amends GS 105-278.7 to provide that in spite of the exclusive use requirements of subsection (a), if part of a property is used for a purpose that qualifies it for the charitable property tax exemption if the entire property were used for that purpose, and if the rest of that property is vacant, then the valuation of the entire property is exempt from taxation. Effective for taxes imposed for taxable years beginning on or after July 1, 2011.
    Property and Housing, Tax
    GS 105

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