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NC H539
Bill
Status
Introduced
3/26/2025
Primary Sponsor
John Blust
Click for details
AI Summary
- Requires local governments to adopt a revenue-neutral property tax rate in any year a general reappraisal of real property is conducted
- Amends G.S. 159-13 governing budget ordinances for local governments
- Revenue-neutral rate is defined by the formula set out in G.S. 159-11(e)
- Effective immediately upon becoming law and applies to budget ordinances passed on or after that date
Legislative Description
Revenue Neutral Rate Required
Public
Last Action
Ref to the Com on State and Local Government, if favorable, Finance, if favorable, Rules, Calendar, and Operations of the House
3/27/2025
Committee Referrals
State and Local Government3/27/2025
Full Bill Text
No bill text available