North Carolina Statutes
§ 142-68 — Tax exemption
North Carolina § 142-68
This text of North Carolina § 142-68 (Tax exemption) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.C. Gen. Stat. § 142-68 (2026).
Text
Any financing contract entered pursuant to this Article, and any certificates of participation relating to it, shall at all times be free from taxation by the State or any political subdivision or any of their agencies, excepting income taxes on the gain from the transfer of the financing contract or certificates of participation; and franchise taxes. The interest component of the installment payments made by the State under the financing contract, including the interest component of any certificates of participation, is not subject to taxation as income. (2002-161, s. 9; 2015-264, s. 16(g).)
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Nearby Sections
15
§ 142-1
How bonds executed; interest coupons attached; where payable; not to be sold at less than par§ 142-100
Purpose§ 142-11
When bonds deemed duly executed§ 142-12
State bonds exempt from taxation§ 142-14
Issuance of temporary bonds§ 142-15.15
Findings§ 142-15.16
Definitions§ 142-15.3
Capital appreciation bondsCite This Page — Counsel Stack
Bluebook (online)
North Carolina § 142-68, Counsel Stack Legal Research, https://law.counselstack.com/statute/nc/142/142-68.