Bill Summary for S 774 (2015-2016)

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Bill: MARVIN AND ASHEBORO/DEANNEXATION (NEW).

Summary date: 

Jun 15 2016
S.L. 2016-62

Bill Information:

View NCGA Bill Details2015-2016 Session
Senate Bill 774 (Local) Filed Wednesday, April 27, 2016
AN ACT REMOVING CERTAIN DESCRIBED PROPERTY FROM THE CORPORATE LIMITS OF THE VILLAGE OF MARVIN AND THE CITY OF ASHEBORO.
Intro. by Tucker.

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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 providing 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.