N.C. Gen. Stat. § 105-278.2

Current through Session Law 2024-3
Section 105-278.2 - (Effective for taxes imposed for taxable years beginning on or after July 1, 2022) Burial property
(a) Commercial Property. - Real property set apart for burial purposes that is owned and held for purposes of (i) sale or rental or (ii) sale of burial rights therein is exempt from taxation. A single application is required under G.S. 105-282.1 for property exempt under this subsection.
(b) Other Property. - Real property set apart for burial purposes not owned and held for a purpose listed in subsection (a) of this section is exempt from taxation. No application is required under G.S. 105-282.1 for property exempt under this subsection. A local government cannot deny the exemption provided under this subsection to a taxpayer that lacks a survey or plat detailing the exempt property.

(c) Terms. - For purposes of this section, the term "real property" includes land, tombs, vaults, monuments, and mausoleums, and the term "burial" includes entombment.

N.C. Gen. Stat. § 105-278.2

Amended by 2021 N.C. Sess. Laws 180,s. 42.12-a, eff. 7/1/2021, effective for taxes imposed for taxable years beginning on or after July 1, 2022.
Amended by 2018 N.C. Sess. Laws 113,s. 15, eff. 6/27/2018.
1973, c. 695, s. 4; 1987, c. 724.
This section is set out twice. See also § 105-278.2, effective for taxes imposed for taxable years beginning before July 1, 2022.