NC S608

Extends the annual property listing period from January 31 to April 15 for property tax purposes in North Carolina.

Creates a new tax exemption for "qualified business property," defined as personal property suitable for income production that has malfunctioned or is nonfunctional with a value not exceeding scrap value.

Allows counties with electronic personal property listing to extend the electronic listing period up to June 1, with extensions continuing until revised or rescinded.

Permits county boards of commissioners to grant individual property listing extensions beyond the regular deadline only up to April 15, or June 1 for electronic personal property listings.

Becomes effective for taxes imposed for taxable years beginning on or after July 1, 2023.