Bill Summary for H 5 (2023-2024)

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Summary date: 

Jan 25 2023

Bill Information:

View NCGA Bill Details2023-2024 Session
House Bill 5 (Local) Filed Wednesday, January 25, 2023
AN ACT TO REMOVE CERTAIN DESCRIBED PROPERTY FROM THE CORPORATE LIMITS OF THE TOWN OF FUQUAY-VARINA.
Intro. by Paré.

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Bill summary

Removes nine tracts, as described, from the corporate limits of the Town of Fuquay-Varina. Provides a savings clause for the validity of any liens of the City for outstanding ad valorem taxes or special assessments. Effective June 30, 2023. Deems property in the described territory as of January 1, 2023, no longer subject to municipal taxes for taxable years beginning on or after July 1, 2023.