North Carolina § 159D-14 Tax exemption

North Carolina Statutes

§ 159D-14 — Tax exemption

North Carolina·Ch. 159D The North Carolina Capital Facilities Financing Act·Art. 1 Industrial And Pollution Control Facilities Financing

The agency is not required to pay any taxes on any project or on any other property owned by the agency under the provisions of this Article or upon the income from the property.
The interest on bonds issued by the agency is exempt from all income taxes within the State.
All projects and all transactions for them are subject to taxation to the extent they would be subject to taxation if no public body were involved with them. (1977, 2nd Sess., c. 1198, s. 1; 2000-179, s. 2.)

Free access — add to your briefcase to read the full text and ask questions with AI

The agency is not required to pay any taxes on any project or on any other property owned by the agency under the provisions of this Article or upon the income from the property.
The interest on bonds issued by the agency is exempt from all income taxes within the State.
All projects and all transactions for them are subject to taxation to the extent they would be subject to taxation if no public body were involved with them. (1977, 2nd Sess., c. 1198, s. 1; 2000-179, s. 2.)

North Carolina § 159D-14 (Tax exemption) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.