NC H1009

Exempts improvements owned by social fraternities, sororities, and similar college, university, or high school organizations from property tax if located on state-owned land.

Adds a new property tax exemption category (19a) to G.S. 105-275, which lists classes of property excluded from the tax base.

The exemption applies only to improvements (buildings and structures) on the property, not the underlying land itself, which must be owned by the State.

Effective for taxes imposed for taxable years beginning on or after July 1, 2013.