A BILL TO BE ENTITLED
AN ACT  to cap the ad valorem tax rate of the town of wentworth.
The General Assembly of North Carolina enacts:
SECTION 1.  The Charter of the Town of Wentworth, being Section VII of Chapter 78 of the Private Laws of 1798, as amended by S.L. 1997‑322, is amended by adding a new section to read:
"Sec. 1.2. Except with an approving vote of the people as provided by G.S. 160A‑209(f), the Town may not levy property taxes at a rate higher than thirty‑five cents (35¢) on the one hundred dollars' ($100.00) appraised value of property subject to taxation."
SECTION 2.  This act is effective beginning with the 2007‑2008 fiscal year.