NORTH CAROLINA GENERAL ASSEMBLY

1963 SESSION

 

 

CHAPTER 414

HOUSE BILL 466

 

 

AN ACT TO AUTHORIZE COUNTY BOARDS OF EQUALIZATION AND REVIEW TO MAKE ADJUSTMENTS IN FARM VALUATIONS FOR AD VALOREM TAX PURPOSES WHEN CHANGES ARE MADE IN COMMODITY ACREAGE ALLOTMENTS.

 

The General Assembly of North Carolina do enact:

 

Section 1.  G.S. 105-279 is hereby amended by redesignating subdivisions e. through h. as subdivisions f. through i., and inserting a new subdivision e. to read as follows:

"e.        Has increased or decreased in value because of a change in the acreage allotment for any farm commodity, when any such commodity acreage allotment was assigned a fixed value per acre in the last revaluation of real property. In such event, the county board of equalization and review is hereby authorized to adjust uniformly the assessed valuations of farm properties affected by such change in the acreage allotment."

Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3.  This Act shall be in full force and effect upon its ratification.

In the General Assembly read three times and ratified, this the 10th day of May, 1963.