Bill Summary for H 267 (2023-2024)
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Summary date:
Mar 2 2023
S.L. 2023-100
Bill Information:
| View NCGA Bill Details | 2023-2024 Session |
AN ACT TO REMOVE CERTAIN DESCRIBED PROPERTY FROM THE CORPORATE LIMITS OF THE TOWN OF HOLLY SPRINGS AND TO ESTABLISH A MORATORIUM ON ANNEXATION BY THE TOWN OF LELAND.Intro. by Paré.
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Bill 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.