NORTH CAROLINA GENERAL ASSEMBLY

1979 SESSION

CHAPTER 200

HOUSE BILL 407

AN ACT TO EXEMPT CARGO CONTAINERS AND CONTAINER CHASSIS FROM PROPERTY TAX.

The General Assembly of North Carolina enacts:

Section 1.  G.S. 105-275 is hereby amended to add a new subparagraph to read as follows:

"(24)    Cargo containers and container chassis used for the transportation of cargo by vessels in ocean commerce.

      The term 'container' applies to those nondisposable receptacles of a permanent character and strong enough for repeated use and specially designed to facilitate the carriage of goods, by one or more modes of transport, one of which shall be by ocean vessels, without intermediate reloadings and fitted with devices permitting its ready handling particularly in the transfer from one transport mode to another."

Sec. 2.  This act shall be retroactive to January 1, 1974 and shall apply to all tax years from that date.

In the General Assembly read three times and ratified, this the 26th day of March, 1979.