NC H860

Extends property tax exemption to real property set apart for human burial purposes, including land, tombs, vaults, monuments, and mausoleums.

Removes previous restrictions that denied exemption to cemeteries owned for purposes of sale or rental, or for sale of burial rights.

Designates burial property as a special class of property under Article V, Section 2(2) of the North Carolina Constitution and makes it fully exempt from taxation.

Applies to for-profit, trust-endowed, state-regulated cemeteries, providing fairer treatment across cemetery types.

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