NC S458

Clarifies that religious organizations are exempt from property tax under North Carolina law by amending G.S. 105-278.3(c).

Expands exemption eligibility to include "any other bona fide religious organization" recognized by the Internal Revenue Service under section 501(c)(3) of the Code, in addition to existing categories.

Maintains existing exemptions for congregations, parishes, missions, and similar local units of churches or religious bodies.

Maintains existing exemptions for conferences, associations, presbyteries, dioceses, districts, synods, and similar units comprising local units of churches or religious bodies.

Effective for taxes imposed for taxable years beginning on or after July 1, 2015.