AN ACT TO REDUCE THE PROPERTY TAX OWED FOR IMPROVED PROPERTY INSIDE CERTAIN ROADWAY CORRIDORS. Summarized in Daily Bulletin 2/22/11 and 3/22/11. Enacted April 7, 2011. Effective for taxable years beginning on or after July 1, 2011.
TAX OF IMPROVED PROP. IN ROADWAY CORRIDORS.
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| View NCGA Bill Details | 2011-2012 Session |
TO REDUCE THE PROPERTY TAX OWED FOR IMPROVED PROPERTY INSIDE CERTAIN ROADWAY CORRIDORS.Intro. by Brunstetter, Garrou.
Status: Ch. SL 2011-30 (Senate Action) (Apr 7 2011)
Bill History:
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Tue, 22 Feb 2011 Senate: Filed
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Wed, 23 Feb 2011 Senate: Passed 1st Reading
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Wed, 23 Feb 2011 Senate: Ref To Com On Finance
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Tue, 22 Mar 2011 Senate: Reptd Fav Com Substitute
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Tue, 22 Mar 2011 Senate: Com Substitute Adopted
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Wed, 23 Mar 2011 Senate: Passed 2nd & 3rd Reading
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Mon, 28 Mar 2011 House: Passed 1st Reading
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Mon, 28 Mar 2011 House: Ref To Com On Finance
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Thu, 31 Mar 2011 House: Reptd Fav
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Thu, 31 Mar 2011 House: Cal Pursuant Rule 36(b)
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Thu, 31 Mar 2011 House: Placed On Cal For 4/4/2011
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Mon, 4 Apr 2011 House: Passed 2nd & 3rd Reading
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Tue, 5 Apr 2011 Ratified
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Wed, 6 Apr 2011 Pres. To Gov. 4/6/2011
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Thu, 7 Apr 2011 Signed By Gov. 4/7/2011
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Thu, 7 Apr 2011 Ch. SL 2011-30
S 107/S.L. 2011-30
Bill Summaries:
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Summary date: Apr 7 2011 - View Summary
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Bill S 107 (2011-2012)Summary date: Mar 22 2011 - View Summary
Senate committee substitute makes the following changes to 1st edition. Repeals proposed new GS 105-277.9A (taxation of improved property inside certain roadway corridors) for taxable years beginning on or after July 1, 2021.
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Bill S 107 (2011-2012)Summary date: Feb 22 2011 - View Summary
Amends GS 105-277.9 to provide that real property that lies within a transportation corridor marked on an official map filed under the Transportation Corridor Official Map Act (Map Act) is designated a special class of property under the North Carolina Constitution and will be taxable at 20% of the appraised value of the property (rather than 20% of the general tax rate levied on real property by the taxing unit where the property is situated) if two requirements are met, as specified.
Enacts new GS 105-277.9A to provide that real property on which a building or other structure is located and that lies within a transportation corridor marked on an official map filed under the Map Act is designated a special class of property under the North Carolina Constitution and will be taxable at 50% of the appraised value of the property if the property has not been subdivided, as defined in GS 153A-335 (definition for counties) or GS 160A-376 (definition for cities), since it was included in the corridor.
Effective for taxes imposed for taxable years beginning on or after July 1, 2011.
View: All Summaries for Bill