House committee substitute to the 3rd edition makes the following changes. Makes conforming changes to the act’s titles.
Deletes the following provisions:
Removing the two described tracts from the corporate limits of the Town of Four Oaks.
Removing the specified tract from the corporate limits of the City of Creedmoor.
Specifying that the property removed in the described area of Kannapolis as of January 1, 2025, is no longer subject to municipal taxes for taxes imposed for taxable years beginning on or after July 1, 2025.
Adds the following content.
Removes the two described tracts from the corporate limits of the City of Southport. Specifies that this section has no effect upon the validity of any liens of the City for ad valorem taxes or special assessments outstanding before the act's effective date; allows those liens to be collected or foreclosed upon after the effective date of this act as though the property were still within the City’s corporate limits.
Removes the described tract from the corporate limits of the Town of Yadkinville. Specifies that this section has no effect upon the validity of any liens of the Town for ad valorem taxes or special assessments outstanding before the act's effective date; allows those liens to be collected or foreclosed upon after the effective date of this act as though the property were still within the Town's corporate limits.