NORTH CAROLINA GENERAL ASSEMBLY

1975 SESSION

 

 

CHAPTER 62

HOUSE BILL 199

 

 

AN ACT TO EXTINGUISH LIENS ON PROPERTY FOR DEFERRED TAXES ACCRUING MORE THAN FIVE YEARS PRIOR TO DISQUALIFICATION.

 

The General Assembly of North Carolina enacts:

 

Section 1.  Article 12 of Subchapter 11, Chapter 105 of the General Statutes is hereby amended by adding a new sentence at the end of G.S. 105-277.4(c) to read as follows:

"Upon the payment of any taxes deferred in accordance with this section for the five years immediately preceding a disqualification, all liens arising under this subsection shall be extinguished."

Sec. 2.  This act shall become effective July 1, 1975.

In the General Assembly read three times and ratified, this the 19th day of March, 1975.