A BILL TO BE ENTITLED
AN ACT to require counties to use the north carolina use‑value advisory board manual in administering the present use value program.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 105‑277.2(5) reads as rewritten:
"§ 105‑277.2.  Agricultural, horticultural, and forestland – Definitions.
The following definitions apply in G.S. 105‑277.3 through G.S. 105‑277.7:
…
(5)	Present‑use value. – The value of land in its current use as agricultural land, horticultural land, or forestland, based solely on its ability to produce income, assuming an average level of  management and conforming to and utilizing the data contained in the use‑value manual required by G.S. 105‑277.7.…."
SECTION 2.  G.S. 105‑277.7(c) reads as rewritten:
"(c)	Duties. – The Board must annually submit to the Department of Revenue a use‑value manual. In developing the manual, the Board may consult with federal and State agencies as needed. The manual must contain all of the following:
…."
SECTION 3.  This act is effective for taxes imposed for taxable years beginning on or after July 1, 2011.