A BILL TO BE ENTITLED
AN ACT TO PROVIDE THAT PROPERTY OWNED BY A HOMEOWNERS ASSOCIATION MAY QUALIFY FOR USE VALUE PROPERTY TAXATION.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 105‑277.2(4) is amended by adding a new sub‑subdivision to read:
"(4)	Individually owned. – Owned by one of the following:
. . .
f.	An organization described in G.S. 105‑130.11(a)(11)."
SECTION 2.  This act is effective for taxes imposed for taxable years beginning on or after July 1, 2004.