Bill Summary for S 214 (2025-2026)
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| View NCGA Bill Details | 2025-2026 Session |
AN ACT REMOVING CERTAIN DESCRIBED PROPERTY FROM THE CORPORATE LIMITS OF THE CITY OF SOUTHPORT, REMOVING CERTAIN DESCRIBED PROPERTY FROM THE CORPORATE LIMITS AND THE EXTRATERRITORIAL JURISDICTION OF THE TOWN OF YADKINVILLE, AND REMOVING CERTAIN DESCRIBED PROPERTY FROM THE CORPORATE LIMITS OF THE CITY OF KANNAPOLIS.Intro. by Sawrey.
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Bill summary
House committee substitute to the 2nd edition adds the following and makes conforming changes to the act's titles.
Removes the specified property from Kannapolis's corporate limits. Specifies that this has no effect upon the validity of any liens of the City for ad valorem taxes or special assessments outstanding before the section's effective date; allows those liens to be collected or foreclosed upon after the effective date as though the property were still within the City's corporate limits. Effective June 30, 2025. Specifies that property in the described area as of January 1, 2025, is no longer subject to municipal taxes for taxes imposed for taxable years beginning on or after July 1, 2025. Makes additional conforming and technical changes.