Orange County NC Website
Browse       Search
5/18/2018 <br />https: / /www.ncleg.neUgascripts/ statutes /statutelookup.pl ?statute= 105 -275 <br />(23) <br />Tangible personal property imported from outside the United States and held in- Woreign <br />Trade Zone for the purpose of sale, manufacture, processing, assembly, grading, cleaning, <br />mixing or display and tangible personal property produced in the United States and held in a <br />Foreign Trade Zone for exportation, either in its original form or as altered by any of the <br />above processes. <br />(24) <br />Cargo containers and container chassis used for the transportation of cargo by vessels in <br />ocean commerce. <br />The term "container" applies to those nondisposable receptacles of a permanent character <br />and strong enough for repeated use and specially designed to facilitate the carriage of goods, <br />by one or more modes of transport, one of which shall be by ocean vessels, without <br />intermediate reloadings and fitted with devices permitting its ready handling particularly in <br />the transfer from one transport mode to another. <br />(24a) <br />Aircraft that is owned or leased by an interstate air courier, is apportioned under G.S. 105 -337 <br />to the air courier's hub in this State, and is used in the air courier's operations in this State. For <br />the purpose of this subdivision, the terns "interstate air courier" and "hub" have the meanings <br />provided in G.S. 105- 164.3. <br />(25) <br />Tangible personal property shipped into this State for the purpose of repair, alteration, <br />maintenance or servicing and reshipment to the owner outside this State. <br />(26) <br />For the tax year immediately following transfer of title, tangible personal property <br />manufactured in this State for the account of a nonresident customer and held by the <br />manufacturer for shipment. For the purpose of this subdivision, the term "nonresident" means <br />a taxpayer having no place of business in North Carolina. <br />(27), <br />(28) Repealed by Session Laws 1983, c. 643, s. 1. <br />(29) <br />Real property and easements wholly and exclusively held and used for nonprofit historic <br />preservation purposes by a nonprofit historical association or institution, including real <br />property owned by a nonprofit corporation organized for historic preservation purposes and <br />held by its owner exclusively for sale under an historic preservation agreement to be prepared <br />and recorded, at the time of sale, under the provisions of the Conservation and Historic <br />Preservation Agreements Act, Article 4, Chapter 121 of the General Statutes of North <br />Carolina. <br />(29a) <br />Laird that is within an historic district and is held by a nonprofit corporation organized for <br />historic preservation purposes for use as a future site for an historic structure that is to be <br />moved to the site from another location. Property may be classified under this subdivision for <br />no more than five years. The taxes that would otherwise be due on land classified under this <br />subdivision shall be a lien on the real property of the taxpayer as provided in G.S. 105- 355(a). <br />The taxes shall be carried forward in the records of the taxing unit or units as deferred taxes. <br />The deferred taxes are due and payable in accordance with G.S. 105- 277.1F when the <br />property loses its eligibility for deferral as a result of a disqualifying event. A disqualifying <br />event occurs when an historic structure is not moved to the property within five years from <br />the first day of the fiscal year the property was classified under this subdivision. In addition to <br />the provisions in G.S. 105- 277.1F, all liens arising under this subdivision are extinguished <br />upon the location of an historic structure on the site within the time period allowed under this <br />subdivision. <br />(30) <br />Repealed by Session Laws 1987, c. 813, s. 5. <br />(31) <br />Intangible personal property other than a leasehold interest that is in exempted real property <br />and is not excluded under subdivision (31 e) of this section. This subdivision does not affect <br />the taxation of software not otherwise excluded by subdivision (40) of this section. <br />(31a) <br />through (31d) Repealed by Session Laws 1997 -23, s. 3. <br />(31e) <br />A leasehold interest in real property that is exempt under G.S. 105 -278.1 and is used to <br />provide affordable housing for employees of the unit of government that owns the property. <br />(32) <br />Recodified as G.S. 105- 278.6A by Session Laws 1998 -212, s. 29A.18(a), effective for taxes <br />unposed for taxable years beginning on or after July 1, 1998. <br />(32a) <br />Inventories owned by contractors. <br />(33) <br />Inventories owned by manufacturers. <br />https : /Iwww.ncleg.net/gascripts/ <br />statutes /statutelookup.pl ?statute= 105 -275 5/7 <br />