159D-14. Tax exemption.
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.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 159D - The North Carolina Capital Facilities Financing Act
Article 1 - Industrial And Pollution Control Facilities Financing.
§ 159D-2 - Legislative findings and purposes.
§ 159D-4.1 - Jurisdiction of the agency.
§ 159D-7 - Approval of project by Secretary of Commerce.
§ 159D-10 - Location of projects.
§ 159D-11 - Financing agreements.
§ 159D-12 - Security documents.
§ 159D-15 - Construction contracts.
§ 159D-16 - Conflict of interest.
§ 159D-17 - Credit of State not pledged.
§ 159D-18 - Bonds eligible for investment.
§ 159D-19 - Revenue refunding bonds.
§ 159D-20 - No power of eminent domain.
§ 159D-24 - Officers not liable.
§ 159D-25 - Additional method.