105-187.85. No local taxation.
A city or county may not impose a franchise, privilege, license, income, or excise tax on the severing, production, treating, processing, ownership, sale, storage, purchase, marketing, or transportation on any energy minerals produced in the State, or upon the business of severing, producing, treating, processing, owning, selling, buying, storing, marketing, or transporting such energy minerals, or upon the ownership, operation, or maintenance of plants, facilities, machinery, pipelines, and gathering lines related to the severing, production, treating, processing, ownership, storage, sale, purchase, marketing, or transportation of energy minerals. This section does not preclude the taxation of the property in accordance with Article 11 of this Chapter. (2014-4, s. 17(a).)
Structure North Carolina General Statutes
North Carolina General Statutes
§ 105-187.77 - Tax on severance of energy minerals.
§ 105-187.78 - Delivered to Market Value.
§ 105-187.79 - On-site use exemption from the tax.
§ 105-187.80 - Returns and payment of tax.
§ 105-187.81 - Bond or letter of credit required.
§ 105-187.83 - Royalty owner's records.