Bill Summary for S 992 (2025-2026)
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Bill: TRUTH IN TAXATION.
Summary date:
Jun 24 2026
Bill Information:
| View NCGA Bill Details | 2025-2026 Session |
AN ACT TO IMPLEMENT TRUTH IN TAXATION PROCEDURES WHEN A GOVERNING BODY OF A TAXING UNIT INTENDS TO ADOPT A TAX RATE EXCEEDING THE REVENUE-NEUTRAL TAX RATE IN ANY YEAR A GENERAL REAPPRAISAL IS CONDUCTED AND TO INCREASE THE FEE FOR REINSTATING AN EXPIRED REAL ESTATE APPRAISER TRAINEE REGISTRATION, LICENSE, OR CERTIFICATE.Intro. by Ford, B. Newton, McInnis.
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Bill summary
Senate amendment to the 2nd edition makes the following change. Clarifies, in GS 159-13.3 (adoption of tax rate exceeding revenue-neutral tax rate) that the governing body only has to send notice to the described owners of real property (was, owners of property) in the jurisdiction at least fourteen days prior to the hearing if a locality intends to exceed the revenue-neutral tax rate.