A BILL TO BE ENTITLED
AN ACT to amend the enterprise tier structure under the william S. Lee Quality Jobs and Business Expansion Act.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 105‑129.3(d) reads as rewritten:
"(d)	Exception for Multi‑Jurisdictional Industrial Park. – For the purpose of this Article, an eligible industrial park created by interlocal agreement under G.S. 158‑7.4 has the lowest enterprise tier designation of the designations of the counties in which it is located if it meets both of the following conditions:
(1)	It is located, at one or more sites, in two or more contiguous counties, one or more of which has a lower enterprise tier designation than the others.
	(3)	It is owned by two or more units of local government or a joint agency of the units of local government.
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SECTION 2.  This act is effective for taxable years beginning on or after January 1, 2005.