State Codes and Statutes
Statutes > North-carolina > Chapter_105 > GS_105-278_8§105‑278.8. Real and personal property used for charitable hospitalpurposes.
(a) Real and personalproperty held for or owned by a hospital organized and operated as a nonstock,nonprofit, charitable institution (without profit to members or their successors)shall be exempted from taxation if actually and exclusively used for charitablehospital purposes.
(b) Notwithstanding theexclusive‑use requirements of subsection (a), above, if part of aproperty that otherwise meets that subsection's requirements is used for apurpose that would require exemption under that subsection if the entireproperty were so used, the valuation of the part so used shall be exempted fromtaxation.
(c) Within the meaningof this section, a charitable hospital purpose is a hospital purpose that hashumane and philanthropic objectives; it is a hospital activity that benefitshumanity or a significant rather than limited segment of the community withoutexpectation of pecuniary profit or reward. However, the fact that a qualifyinghospital charges patients who are able to pay for services rendered does notdefeat the exemption granted by this section. (1973, c. 695, s. 4.)
