NORTH CAROLINA GENERAL ASSEMBLY

1975 SESSION

 

 

CHAPTER 808

HOUSE BILL 329

 

 

AN ACT TO EXEMPT CERTAIN HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND DISPLACED FAMILIES FROM AD VALOREM TAXATION.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 105-278.6(a) is amended by adding a new subdivision at the end thereof as follows:

"(8)      A nonprofit organization providing housing for individuals or families with low or moderate incomes."

Sec. 2.  This act shall become effective on January 1, 1976.

In the General Assembly read three times and ratified, this the 24th day of June, 1975.