Bill Summary for H 273 (2021-2022)

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Bill: MODIFY BUILDERS INVENTORY TAX EXCLUSION.

Summary date: 

Aug 24 2021
S.L. 2021-113

Bill Information:

View NCGA Bill Details2021
House Bill 273 (Public) Filed Thursday, March 11, 2021
AN ACT TO EXEMPT FROM PROPERTY TAX THE INCREASE IN VALUE OF PROPERTY DUE TO THE CONSTRUCTION OF TOWNHOUSES HELD FOR SALE BY A BUILDER.
Intro. by Potts, Bradford, Zenger, Clemmons.

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Bill summary

AN ACT TO EXEMPT FROM PROPERTY TAX THE INCREASE IN VALUE OF PROPERTY DUE TO THE CONSTRUCTION OF TOWNHOUSES HELD FOR SALE BY A BUILDER. SL 2021-113. Enacted Aug. 23, 2021. Effective for taxes imposed for taxable years beginning on or after July 1, 2022.