NORTH CAROLINA GENERAL ASSEMBLY

1979 SESSION

CHAPTER 22

HOUSE BILL 90

AN ACT TO AMEND G.S. 105-164.4(3) REGARDING RECEIPTS FROM RENTALS OF RESORT RESIDENCES OCCUPIED FOR PORTIONS OF THE SEASON BY THE OWNER.

The General Assembly of North Carolina enacts:

Section 1.  G.S. 105-164.4(3) is amended by adding the following two sentences at the end thereof: "The tax shall not apply to rent derived from private residences or cottages designed for single family occupancy located in a resort area when the owner occupies the residence or cottage for part of the season. Persons owning more than one such single family dwelling in a single resort area and occupying each of them for a portion of the season may select one and only one of the residences so occupied to be exempt from this tax."

Sec. 2.  This act shall become effective July 1, 1979.

In the General Assembly read three times and ratified, this the 9th day of February, 1979.