House committee substitute to the 1st edition makes the following changes.
Changes the description of the property to be removed from the Holly Springs corporate limits.
Bill Summaries: H267 (2023-2024 Session)
Bill H 267 (2023-2024)Summary date: Mar 28 2023 - View summary
Bill H 267 (2023-2024)Summary date: Mar 2 2023 - View summary
Removes the specified property from the Town of Holly Springs' corporate limits.
Provides that this act has no effect upon the validity of any liens of the Town of Holly Springs for ad valorem taxes or special assessments outstanding before the effective date of this act. Allows the liens to be collected or foreclosed upon after the effective date of this act as though the property were still within the Town's corporate limits.
Effective June 30, 2023. Provides that property in the described territory as of January 1, 2023, is no longer subject to municipal taxes for taxes imposed for taxable years beginning on or after July 1, 2023.