NC H453

Modifies the property tax exclusion for computer software by removing the distinction between embedded software and other types of computer software.

Eliminates the exemption from property tax exclusion for computer software that is purchased or licensed from unrelated persons and capitalized under generally accepted accounting principles.

Broadens the tax exclusion to apply to all computer software and related documentation, regardless of whether it is embedded or acquired from third parties.

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

Includes a non-severability clause stating that if any provision is found invalid, the entire subdivision is repealed.