NORTH CAROLINA GENERAL ASSEMBLY

1963 SESSION

 

 

CHAPTER 946

SENATE BILL 440

 

 

AN ACT TO AMEND CHAPTER 43, ARTICLE 3, SECTION 6, AND ARTICLE 8, SECTION 49, OF THE GENERAL STATUTES OF NORTH CAROLINA.

 

The General Assembly of North Carolina do enact:

Section 1.  Chapter 43, Article 3, Section 6, as the same appears in Volume 2A of the General Statutes of North Carolina, is hereby amended by inserting after the word "person" in line 1 of said Section the following: "firm, or corporation, including the State of North Carolina or any political subdivision thereof,".

Sec. 2.  Chapter 43, Article 8, Section 49, as the same appears in Volume 2A of the General Statutes of North Carolina, is hereby amended by inserting after the word "biennially" in line 12 of said Section the following: "When registration involves the State of North Carolina or any political subdivision thereof, the local tax collector shall assess the value of the land involved as if for tax purposes and the amount to be paid to the clerk shall be an amount equal to one-tenth of one percent (0.1%) of such assessed value; provided, however, that no taxes shall be levied upon such land while title thereto remains in the State of North Carolina or any political subdivision thereof."

Sec. 3.  All laws and clauses of laws in conflict with the provisions of this Act are hereby repealed.

Sec. 4.  This Act shall be in full force and effect from and after the date of its ratification.

In the General Assembly read three times and ratified, this the 18th day of June, 1963.