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  3. What is the University’s tax status?

What is the University’s tax status?

North Carolina State University is an agency of the State of North Carolina and, as such, derives its tax-exempt status in accordance with the constitutional law doctrine of intergovernmental tax immunity.

In general, this doctrine exempts state and local governments from federal income taxation in the performance of their essential functions. In addition to this, gifts made for exclusively public purposes to or for the use of government units of a state or possession of the United States, or their political subdivisions, such as the University, are deductible. See IRC Section 170 (c) (1).

Read more:

University Controller’s Office, Tax Q&A

Updated on February 28, 2020

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