COUNTIES/SEMIANNUAL ASSESSMENT PAYMENTS.

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View NCGA Bill Details(link is external)2021
House Bill 721 (Public) Filed Wednesday, April 28, 2021
AN ACT AUTHORIZING COUNTIES TO PROVIDE THAT ASSESSMENTS MAY BE PAID IN EITHER SEMIANNUAL OR ANNUAL INSTALLMENTS.
Intro. by Majeed, K. Smith, Hawkins, Belk.
Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Sep 27 2021)

Bill History:

H 721

Bill Summaries:

  • Bill H 721 (2021-2022)
    Summary date: Sep 23 2021 - View Summary

    House committee substitute to the 1st edition makes a clarifying change in the act's effective date provision.

    Development, Land Use and Housing, Property and Housing, Government, Local Government
    GS 153A
  • Bill H 721 (2021-2022)
    Summary date: Apr 28 2021 - View Summary

    Amends GS 153A-199 (payment of county special assessments in full or by installments) to do the following:
    (1) Provide that special assessment installment payments, if offered by the county, may be either annual or semi-annual;
    (2) Cap the number of installment payments for special assessments to 40 for semi-annual installments and 20 for annual installments;
    (3) Provide that semi-annual installments either (i) begin with the first installment due on the day property taxes are due with future installments due on the same day in each successive six month period or (ii) begin with the first installment due 60 days after the assessment role is confirmed with future installments due on the same day in each successive six month period; and
    (4) Provide that annual installments either (i) begin with the first installment due on the day property taxes are due with future installments due on the same day in each successive year or (ii) begin with the first installment due 60 days after the assessment role is confirmed with future installments due on the same day in each successive year.
    Effective when the bill becomes law and applies to assessments made on or after that date.

    Development, Land Use and Housing, Property and Housing, Government, Local Government
    GS 153A
View: All Summaries for Bill