GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1995

H	2 

HOUSE BILL 1001
Committee Substitute Favorable 6/22/95

Short Title:  Exempt Old Cars/Property Tax.	(Public)

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May 1, 1995

A BILL TO BE ENTITLED
AN ACT TO EXEMPT FROM PROPERTY TAX NONCOMMERCIAL MOTOR VEHICLES THAT ARE THIRTY YEARS OLD OR OLDER AND ARE MAINTAINED FOR USE IN EXHIBITIONS, CLUB ACTIVITIES, PARADES, AND OTHER PUBLIC INTEREST FUNCTIONS.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 105-275 is amended by adding a new subdivision to read:
"(41)	A motor vehicle that meets all of the following conditions:
a.	It is 30 years old or older measured from January 1 of the model year indicated on the certificate of title.
b.	It is maintained for use in exhibitions, club activities, parades, and other functions of public interest.
c.	It is used only occasionally for other purposes.
d.	It is not a commercial motor vehicle as defined in G.S. 20-4.01."
Sec. 2.  This act is effective for taxes imposed for taxable years beginning on or after October 1, 1995.