The Ford Barn - View Single Post - Notes on getting your A declared property tax exempt in NC

alexiskai · 09-02-2022, 08:49 AM

Here are the five stipulations:
(1) It is registered with the Division of Motor Vehicles and has an historic
vehicle special license plate under G.S. 20-79.4.
(2) It is maintained primarily for use in exhibitions, club activities, parades, and
other public interest functions.
(3) It is used only occasionally for other purposes.
(4) It is owned by an individual, or owned directly or indirectly through one or
more pass-through entities, by an individual.
(5) It is used by the owner for a purpose other than the production of income
and is not used in connection with a business.

09-02-2022, 08:49 AM	#4
alexiskai Senior Member Join Date: Apr 2018 Location: Mebane NC Posts: 2,407	Re: Notes on getting your A declared property tax exempt in NC Here are the five stipulations: (1) It is registered with the Division of Motor Vehicles and has an historic vehicle special license plate under G.S. 20-79.4. (2) It is maintained primarily for use in exhibitions, club activities, parades, and other public interest functions. (3) It is used only occasionally for other purposes. (4) It is owned by an individual, or owned directly or indirectly through one or more pass-through entities, by an individual. (5) It is used by the owner for a purpose other than the production of income and is not used in connection with a business.