Bill Summary for H 147 (2025-2026)

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Summary date: 

Apr 1 2025

Bill Information:

View NCGA Bill Details(link is external)2025-2026 Session
House Bill 147 (Local) Filed Monday, February 17, 2025
AN ACT TO REMOVE CERTAIN DESCRIBED PROPERTY FROM THE CORPORATE LIMITS OF THE CITIES OF ELIZABETH CITY AND KING.
Intro. by Ward.

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Bill summary

House committee substitute to the 2nd edition adds the following.

Removes specified property from the City of King corporate limits, effective June 30, 2025. Specifies that this has no effect on the validity of any of the City's liens for ad valorem taxes or special assessments outstanding before June 30, 2025, and allows those liens to be collected or foreclosed upon as though the property were still within the City's corporate limits. Exempts property in the described territory as of January 1, 2025, from municipal taxes for taxes imposed for taxable years beginning on or after July 1, 2025.

Adds a standard effective date provision. Makes conforming changes to the act's titles.