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'~ <br />(2) Of a kind commonly employed in the performance of <br />those activities naturally and properly incident to <br />the operation of an educational institution such as <br />the owner; and <br />(3) Wholly and exclusively used for educational <br />purposes by the owner or occupied gratuitously by <br />another nonprofit educational institution (as <br />defined herein) and wholly and exclusively used by <br />the occupant for nonprofit educational purposes. <br />(c) Partial Exemption. - Notwithstanding the above, if <br />exclusive-use re irements of subsections (a) and (b), <br />part of a property that otherwise meets the requirements of one <br />of those subsections is used for a purpose that would require <br />exemption if the entire property were so used, the valuation of <br />the part so used shall be exempted from taxation. <br />(d) Public Use. - The fact that a building or facility <br />is incidentally available to and patronized by the general <br />public, so long as there is no material amount of business or <br />patronage with the general public, ~~ <br />does not defeat the exemption granted by this <br />section. <br />(e) Personal Property. - Personal property owned by a <br />church, a religious body, or an educational institution <br />~;~••~;^^` shall be exempted from taxation if: <br />(1) The owner is not organized or operated for profit, <br />and no officer, shareholder, member, or employee of <br />the owner, or any other person is entitled to <br />receive pecuniary profit from the owner's <br />operations except reasonable compensation for <br />services; and <br />(2) Used wholly and exclusively for educational <br />purposes by the owner or held gratuitously by a <br />church, religious body, or nonprofit educational <br />institution ' '' `~ "'' `'""~"'"~ <br />other than the owner, and wholly and exclusively <br />used for nonprofit educational purposes by the <br />possessor. <br />deflnitiols sn-oi"r In triis <br />(f) Definitions The followirq <br />section: <br />(1) Educational institution. - The term <br />includes a university, a college a school, a <br />seminar an academ an industrial school a <br />ublic libra a museum and similar <br />institutions. <br />(2) Educational purpose - A purpose <br />-z r <br />that has as <br />its objective the education or instruction of human <br />beings; it comprehends the transmission of <br />information and the training or development of the <br />knowledge or skills of individual persons. The <br />operation of a student housing facility, a <br />student dining facility, a golf course, a <br />tennis court, a sports arena, a similar sport <br />property, or a similar recreational sport property <br />for the use of students or faculty is also an <br />educational purpose, regardless of the extent to <br />which the property is also available to and <br />patronized by the general public." <br />SECTION 2. This act is effective for taxes <br />imposed for taxable years beginning on or after July 1, 2003. <br />http://www.ncga.state.nc.us/htm12003/bills/allversions/senate/s277v1.htm1 03/19/2003 <br />