North Carolina § 143-202 - Exempt from taxation; gifts and donations.
Full text of North Carolina North Carolina General Statutes § 143-202 — Exempt from taxation; gifts and donations., with citation guidance and answers to common questions.
§ 143-202. Exempt from taxation; gifts and donations.
The Association is and shall be an educational and charitable association within the meaning of the laws of the State of North Carolina, and the property and income of such Association, real and personal, shall be exempt from all taxation. The Association is authorized and empowered to receive gifts and donations and administer the same for the charitable and educational purposes for which the Association is formed and in keeping with the will of the donors, and such gifts and donations to the extent permitted by law shall be exempted from the purpose of income taxes and gift taxes. History (1945, c. 953, s. 4; 2017-57, s. 14.8(a).) Effect of Amendments. - Session Laws 2017-57, s. 14.8(a), effective October 1, 2017, deleted "said" at the beginning of the first sentence and preceding "Association".
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 143-202
What does North Carolina General Statutes § 143-202 cover?
Section 143-202 ("Exempt from taxation; gifts and donations.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 143-202?
A common citation format is "North Carolina General Statutes § 143-202" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 143-202 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.