S.178

Assessment of Self-Storage Facilities

Introduced·2/26/25

North Carolina S178 modifies the assessment standard for self-service storage facilities, defining their taxable value.

North Carolina S178 modifies the assessment standard for self-service storage facilities, defining their taxable value based on the land and improvements, excluding business intangible value. This change applies to taxes imposed for taxable years beginning on or after July 1, 2026.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Rules and Operations of the Senate Committee
Next
Committee decision

Sponsors

0
1
R
Democratic CaucusRepublican Caucus

History

Feb 27, 2025

Senate

Passed 1st Reading

Feb 27, 2025

Senate

Ref To Com On Rules and Operations of the Senate

Feb 26, 2025

Senate

Filed