Bill Summary for H 397 (2017-2018)

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Bill: CAR. SHORES DEANNEX/NEW HANOVER DWNTWN DEVPT (NEW).

Summary date: 

Mar 16 2017
S.L. 2017-86

Bill Information:

View NCGA Bill Details2017-2018 Session
House Bill 397 (Local) Filed Thursday, March 16, 2017
AN ACT REMOVING CERTAIN DESCRIBED PROPERTY FROM THE CORPORATE LIMITS OF THE TOWN OF CAROLINA SHORES AND AUTHORIZING NEW HANOVER COUNTY TO PARTICIPATE IN THE ACQUISITION, CONSTRUCTION, AND OWNERSHIP, AND OPERATION OF A DOWNTOWN DEVELOPMENT PROJECT SUBJECT TO CERTAIN CONDITIONS.
Intro. by Iler.

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Bill summary

Removes specific property, described in metes and bounds, from the corporate limits of the town of Carolina Shores.

Effective June 30, 2017. Property in the described territory as of January 1, 2017, is no longer subject to municipal tax for taxable years beginning on or after July 1, 2017.