1965/66/67 session laws – Ch.259 Sec.1
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CHAPTER 259 AN ACT TO ALLOW PERSONS ENGAGED IN THE BUSINESS OF FARMING TO DEDUCT FOR INCOME TAX PURPOSES LAND CLEARING EXPENSES. The General Assembly of North Carolina do enact:
G. S. 105-147 is hereby amended by adding a new paragraph to subdivision -1 to be designated e. and to read as follows: e, As to taxpayers engaged in the business of farming, reasonable expenses paid during the income year for the purpose of clearing land to make such land suitable for the purpose of farming to the extent allowable under Section 182 of the Internal Revenue Code of 1954 as amended.