GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1999

S	1 

SENATE BILL 1293

Short Title:  Town of Badin/Tax Rate.	(Local)

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Sponsors: Senators Purcell and Plyler.

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Referred to:  Finance.

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May 18, 2000

A BILL TO BE ENTITLED
AN ACT TO MODIFY THE TAX LIMIT FOR THE TOWN OF BADIN.
The General Assembly of North Carolina enacts:
Section 1.  Section 5.3 of the Charter of the Town of Badin, being Chapter 894, Session Laws of 1989, as rewritten by Section 1 of Chapter 827, Session Laws of 1991, reads as rewritten:
"Sec. 5.3.  
		The ad valorem tax rate set by the Town Council shall not exceed the previous year's rate by more than ten percent (10%)."
Section 2.  This act is effective when it becomes law.