NORTH CAROLINA GENERAL ASSEMBLY

1963 SESSION

 

 

CHAPTER 940

SENATE BILL 132

 

 

AN ACT TO CLASSIFY INDIVIDUAL FAMILY FALLOUT SHELTERS FOR PURPOSES OF AD VALOREM TAXATION.

 

The General Assembly of North Carolina do enact:

 

Section 1.  Chapter 105 of the General Statutes of North Carolina is hereby amended by adding thereto a new Section to be numbered and to read as follows:

"Sec. 105-294.4.  Individual Family Fallout Shelters. Individual family fallout shelters meeting the criteria and standards of the Office of Civil Defense, United States Department of Defense, when constructed to protect an individual family from radioactive fallout, are hereby classified as a special class of property under authority of Section 3, Article V of the Constitution. Such fallout shelters shall be subject to taxation in each local taxing unit only to the extent that the appraised value of such shelter, separate and apart from any structure to which the shelter is attached or within which the shelter is constructed, exceeds two thousand dollars ($2,000.00). Where two or more families join in the construction of such a shelter for their common use, an exclusion of two thousand dollars ($2,000.00) shall be allowed from the total appraised value for each such family."

Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3.  This Act shall become effective on January 1, 1964, for taxes listed as of January 1, 1964, and the years thereafter.

In the General Assembly read three times and ratified, this the 18th day of June, 1963.