NORTH CAROLINA GENERAL ASSEMBLY

1971 SESSION

 

 

CHAPTER 1121

HOUSE BILL 275

 

 

AN ACT TO CLASSIFY AND DESIGNATE THE REAL AND PERSONAL PROPERTY OF CERTAIN NON-PROFIT WATER AND NON-PROFIT SEWER CORPORATIONS AS A SPECIAL CLASS OF PROPERTY UNDER ARTICLE V OF THE NORTH CAROLINA CONSTITUTION AND TO EXCLUDE SAID PROPERTY FROM THE PROPERTY TAX BASE FOR AD VALOREM PURPOSES.

 

The General Assembly of North Carolina enacts:

 

Section 1.  If House Bill 169 is not ratified, Chapter 105 of the General Statutes is hereby amended by adding a new section to read as follows:

"§ 105-281.1.  Classification and exclusion of certain non-profit water or sewer corporations. — The intent of this section is to exercise the powers of classification of property for tax purposes as provided in Article V of the North Carolina Constitution. The purpose of this section is to encourage projects for works for the development, storage, treatment, purification, or distribution of water or the collection, treatment, or disposal of waste in rural areas and in other areas wherein those services are not provided.

The real and personal property of non-profit water and non-profit sewer associations or corporations is hereby classified and designated as a special class of property and shall not be listed, appraised, or assessed for taxation."

Sec. 2.  If House Bill 169 is not ratified, G.S. 105-355 is amended by deleting the words "waterworks company," immediately following the comma after the words "railway company" in the first line of the statute.

Sec. 3.  Chapter 105 of the General Statutes, as amended by House Bill 169 of the 1971 General Assembly if ratified, is hereby amended by adding a new subsection to G.S. 105‑275 to read as follows:

(5)        Real and personal property owned by non-profit water or non-profit sewer associations or corporations."

Sec. 4.  If House Bill 169 is ratified, G.S. 105-333 is amended by deleting the words "water company," immediately following the words "cable television company" and immediately preceding the words "bus line company" in subsection (1) of the statute.

Sec. 5.  This act shall become effective upon ratification.

In the General Assembly read three times and ratified, this the 21st day of July, 1971.