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14 sections · 0 paragraphs in this article.
N.C. Const. art. V, § 1 No capitation tax to be levied
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No poll or capitation tax shall be levied by the General Assembly or by any county, city or town, or other taxing unit.
N.C. Const. art. V, § 2 (Applicable to taxes beginning on or after January 1, 2019 - see note) State and local taxation
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(1) Power of taxation. The power of taxation shall be exercised in a just and equitable manner, for public purposes only, and shall never be surrendered, suspended, or contracted away. (2) Classification. Only the General Assembly shall have the power to classify property for tax…
N.C. Const. art. V, § 3 Limitations upon the increase of State debt
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(1) Authorized purposes; two-thirds limitation. The General Assembly shall have no power to contract debts secured by a pledge of the faith and credit of the State, unless approved by a majority of the qualified voters of the State who vote thereon, except for the following purpo…
N.C. Const. art. V, § 4 Limitations upon the increase of local government debt
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(1) Regulation of borrowing and debt. The General Assembly shall enact general laws relating to the borrowing of money secured by a pledge of the faith and credit and the contracting of other debts by counties, cities and towns, special districts, and other units, authorities, an…