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North Carolina General Statutes Chapter 115C. Elementary and Secondary Education § 115C-494. Property and income of board of trustees exempt from State taxation

Current as of January 01, 2023 | Updated by Findlaw Staff

All property received, purchased, contributed or donated to the board of trustees for the benefit of any endowment fund created hereunder and all donations, gifts and devises received or otherwise administered for the benefit of said endowment fund, as well as the principal and income from said endowment fund, shall at all times be free from taxation, of any nature whatsoever, within the State.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 115C. Elementary and Secondary Education § 115C-494. Property and income of board of trustees exempt from State taxation - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-115c-elementary-and-secondary-education/nc-gen-st-sect-115c-494/

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