A BILL TO BE ENTITLED
AN ACT to provide a property tax exemption for farm equipment.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 105‑275 is amended by adding a new subdivision to read:
"(37a)	Eighty percent (80%) of the appraised value of tangible personal property that is owned by a qualifying farmer and was exempt from sales and use tax pursuant to G.S. 105‑164.13E."
SECTION 2.  This act is effective for taxes imposed for taxable years beginning on or after July 1, 2019.