House committee substitute to the 1st edition makes the following changes.

Makes a technical change to the description of the parcel removed from the corporate limits of the Town of Spruce Pine.

Adds the following. Removes the described parcel from the corporate limits of the Town of Weaverville. Provides a savings clause for liens held by the Town for outstanding property taxes or special assessments. Effective June 30, 2021. Specifies that property in the territory described as of January 1, 2021, is no longer subject to municipal taxes for taxes imposed for taxable years beginning on or after July 1, 2021.

Makes conforming changes to the act's titles. Makes further technical conforming changes.