A BILL TO BE ENTITLED
AN ACT to exempt commercial fishing boats from property tax.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 105‑275 is amended by adding a new subdivision to read:
"§ 105‑275.  Property classified and excluded from the tax base.
The following classes of property are designated special classes under Article V, Sec. 2(2), of the North Carolina Constitution and are excluded from tax:
…
(46)	Fishing boats used primarily for a commercial fishing operation, as defined in G.S. 113‑168."
SECTION 2.  This act is effective for taxes imposed for taxable years beginning on or after July 1, 2011.