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5/18/2018 https : / /www.ncleg.neUgascripts/ statutes /statutelookup.pl ?statute= 105 -275 <br />§ 105 -275. Property classified and excluded from the tax base. 27 <br />The following classes of property are designated special classes under Article V, Sec. 2(2), of the North <br />Carolina Constitution <br />and are excluded from tax: <br />(1) <br />Repealed by Session Laws 1987, c. 813, s. 5. <br />(2) <br />Tangible personal property that has been imported from a foreign country through a North <br />Carolina seaport terminal and which is stored at such a tenninal while awaiting further <br />shipment for the first 12 months of such storage. (The purpose of this classification is to <br />encourage the development of the ports of this State.) <br />(3) <br />Real and personal property owned by nonprofit water or nonprofit sewer associations or <br />corporations. <br />(4) <br />Repealed by Session Laws 1987, c. 813, s. 5. <br />(5) <br />Vehicles that the United States government gives to veterans on account of disabilities they <br />suffered in World War 11, the Korean Conflict, or the Vietnam Era so long as they are owned <br />by: <br />a. A person to whom a vehicle has been given by the United States government or <br />b. Another person who is entitled to receive such a gift under Title 38, section 252, <br />United States Code Annotated, <br />(5a) <br />A motor vehicle owned by a disabled veteran that is altered with special equipment to <br />accommodate a service - connected disability. As used in this section, disabled veteran means a <br />person as defined in 38 U.S.C. § 101(2) who is entitled to special automotive equipment for a <br />service - connected disability, as provided in 38 U.S.C. § 3901. <br />(6) <br />Special nuclear materials held for or in the process of manufacture, processing, or delivery by <br />the manufacturer or processor thereof, regardless whether the manufacturer or processor owns <br />the special nuclear materials. The terns "manufacture" and "processing" do not include the <br />use of special nuclear materials as fuel. The term "special nuclear materials" includes (i) <br />uranium 233, uranium enriched in the isotope 233 or in the isotope 235; and (ii) any material <br />artificially enriched by any of the foregoing, but not including source material. "Source <br />material" means any material except special nuclear material which contains by weight one <br />twentieth of one percent (0.05 %) or more of (i) uranium, (ii) thorium, or (iii) any combination <br />thereof. Provided however, that to qualify for this exemption no such nuclear materials shall <br />be discharged into any river, creels or stream in North Carolina. The classification and <br />exclusion provided for herein shall be denied to any manufacturer, fabricator or processor <br />who permits burial of such material in North Carolina or who permits the discharge of such <br />nuclear materials into the air or into any river, creek or stream in North Carolina if such <br />discharge would contravene in any way the applicable health and safety standards established <br />and enforced by the Department of Environmental Quality or the Nuclear Regulatory <br />Commission. The most stringent of these standards shall govern. <br />(7) <br />Real and personal property that is: <br />a. Owned either by a nonprofit corporation formed under the provisions of Chapter 55A <br />of the General Statutes or by a bona fide charitable organization, and either operated <br />by such owning organization or leased to another such nonprofit corporation or <br />charitable organization, and <br />b. Appropriated exclusively for public parks and drives. <br />(7a) <br />(Expiring for taxes imposed for taxable years beginning on or after July 1, 2021) Real <br />and personal property that meets each of the following requirements: <br />a. It is a contiguous tract of land previously (i) used primarily for commercial or <br />industrial purposes and (ii) damaged significantly as a result of a fire or explosion. <br />b. It was donated to a nonprofit corporation formed under the provisions of Chapter 55A <br />of the General Statutes by an entity other than an affiliate, as defined in G.S. 105- <br />163.010. <br />C. No portion is or has been leased or sold by the nonprofit corporation. <br />(8) <br />a. Real and personal property that is used or, if under construction, is to be used <br />exclusively for air cleaning or waste disposal or to abate, reduce, or prevent the <br />pollution of air or water (including, but not limited to, waste lagoons and facilities <br />https: / /www.ncleg. net /gascripts/ statutes /statuteIookup.pI ?statute= 105 -275 1/7 <br />