Bill Summary for H 1017 (2015-2016)
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Summary date:
Jun 7 2016
S.L. 2016-42
Bill Information:
| View NCGA Bill Details | 2015-2016 Session |
AN ACT TO ADD AND REMOVE CERTAIN DESCRIBED PROPERTY FROM THE CORPORATE LIMITS OF THE TOWN OF NORWOOD.Intro. by Burr.
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Bill summary
House committee substitute makes the following changes to the 1st edition.
Amends the effective date clause, adding additional language concerning municipal taxes. Provides that property in the territory as described in Section 1 of the act as of January 1, 2016, is subject to municipal taxes imposed for taxable years beginning on or after July 1, 2016, and that the property in the territory described by Section 2(a) of the act as of January 1, 2016, is not subject to municipal taxes for taxable years beginning on or after July 1, 2016.