State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_159C > GS_159C-14

§ 159C‑14.  Taxexemption.

The authority shall not be required to pay any taxes on any project oron any other property owned by the authority under the provisions of thisChapter or upon the income therefrom.

The interest on bonds issued by the authority shall be exempt from  allincome taxes within the State.

All projects and all transactions therefor shall be subject to taxationto the extent such projects and transactions would be subject to taxation if nopublic body were involved therewith. (1975, c. 800, s. 1; 1977, c. 719, s. 5.)