NORTH CAROLINA GENERAL ASSEMBLY

1979 SESSION

 

 

CHAPTER 1009

SENATE BILL 873

 

 

AN ACT TO CLARIFY G.S. 105-212 RELATING TO EXEMPTIONS FROM INTANGIBLES TAX.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 105-212, as it appears in the 1977 Supplement to the General Statutes, is amended in line 6, after the word "profit," and before the words ", nor to" by inserting the following: ", nor to any funds, evidences of debt, or securities held irrevocably in a charitable remainder trust meeting the requirements of Section 664 of the Internal Revenue Code of 1954 as amended or in a pooled income fund meeting the requirements of Section 642(c)(5) of the Internal Revenue Code of 1954 as amended."

Sec. 2.  This act is effective upon ratification.

In the General Assembly read three times and ratified, this the 8th day of June, 1979.