A BILL TO BE ENTITLED AN ACT REQUIRING A REFERENDUM ON WHETHER TO INCORPORATE THE VILLAGE OF LAKE JAMES.
Senate committee substitute makes the following changes to the 1st edition. Makes changes to the corporate boundaries by deleting certain described propertyand makes changes regarding the commencement of tax collectionproviding for pro-rated municipal taxes (was, municipal taxes) levied for tax year 2013-14 in accordance with the pro-rating procedure in GS 160A-58.10 (was levied for the year beginning July 1, 2013. Also makes changes regarding ad valorem taxesso thatthe Village Council cannot approve an ad valorem tax rate greater than 7�_ per $100 valuation unless the tax rate is approved by an affirmative vote of the majority (was, two-thirds) of the qualified voters of the Village of Lake James.
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