Bill Summary for S 852 (2015-2016)

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Bill: TOWN OF BAKERSVILLE/TOWN OF CLYDE/DEANNEX. (NEW)

Summary date: 

Jun 15 2016
S.L. 2016-63

Bill Information:

View NCGA Bill Details(link is external)2015-2016 Session
Senate Bill 852 (Local) Filed Tuesday, May 10, 2016
AN ACT REMOVING CERTAIN DESCRIBED PROPERTY FROM THE CORPORATE LIMITS OF THE TOWN OF BAKERSVILLE AND FROM THE CORPORATE LIMITS OF THE TOWN OF CLYDE.
Intro. by Hise.

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Bill summary

House committee substitute makes the following changes to the 2nd edition.

Adds a provision to the effective date clause that provides that the properties described in the act for deannexation, as of January 1, 2016, are no longer subject to municipal taxes for taxes imposed for taxable years beginning on or after July 1, 2016.