The North Carolina Order Designating Exempt Property is an order issued by the Governor of North Carolina that designates certain items as exempt from taxation. These items include real property owned by certain government entities, motor vehicles owned by certain qualifying organizations, and certain machinery and equipment owned by certain qualifying firms. The order may also designate certain items as exempt from seizure or forfeiture for certain purposes. There are two types of North Carolina Order Designating Exempt Property: temporary and permanent. The temporary order is valid for six months and the permanent order is valid for an indefinite period of time. Both types of orders must be approved by the North Carolina General Assembly.
North Carolina Order Designating Exempt Property
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