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North Carolina General Statutes Chapter 142. State Debt § 142-92. Tax exemption

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

Special indebtedness shall at all times be free from taxation by the State or any political subdivision or any of their agencies, excepting income taxes on the gain from the transfer of the indebtedness; and franchise taxes. The interest component of any payments made by the State under special indebtedness, including the interest component of any certificates of participation, is not subject to taxation as to income.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 142. State Debt § 142-92. Tax exemption - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-142-state-debt/nc-gen-st-sect-142-92/

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