§ 117-19. Taxes and assessments. - North Carolina Statutes

§ 117‑19.  Taxesand assessments.

(a)        From and after April 20, 1965, no electric membershipcorporation heretofore or hereafter organized, reorganized, or domesticatedunder the provisions of this Chapter shall be a public agency; nor shall anysuch corporation be, or have the rights of, a political subdivision of theState.

(b)        With respect to its properties owned and revenues receivedon and after January 1, 1967, each electric membership corporation operatingwithin the State shall be subject to, and shall pay taxes and assessmentsunder, all laws relative to State, county, municipal and other local taxes andassessments applicable to the electric light and power companies in this State,except income tax.

(c)        through (e) Repealed by Session Laws 1997‑6, s. 16. (1935, c. 291, s. 14; 1965, c. 287, s. 12; 1997‑6,s. 16.)