House committee substitute makes the following change to the 1st edition.
Adds that this act has no effect on the validity of any liens of the city of Kannapolis for ad valorem taxes or special assessments outstanding before the effective date of this act. Provides that such liens may be collected or foreclosed upon after the date of this act, as if the property were still within the City of Kannapolis.
Bill H 262 (2017-2018)Summary date: Mar 29 2017 - View summary
Bill H 262 (2017-2018)Summary date: Mar 7 2017 - View summary
Removes two parcels, as described, from the City of Kannapolis's corporate limits. Specifies that, as of January 1, 2017, the property as described in Section 1 of the act is no longer subject to municipal taxes for taxes imposed for taxable years beginning on or after July 1, 2017. Effective June 30, 2017.