GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2007

H                                                                                                                                                    1

HOUSE BILL 2706*

Short Title:     Repeal Combined MV Property Tax Collection.		(Public)
Sponsors:	Representatives Cole and Allred (Primary Sponsors).
Referred to:	Finance.

May 28, 2008

A BILL TO BE ENTITLED

AN ACT to repeal the combined motor vehicle registration renewal and property tax collection system.

The General Assembly of North Carolina enacts:

SECTION 1.  S.L. 2005‑294 as amended by Section 3 of S.L. 2006‑30, as amended by Section 31.5 of S.L. 2006‑259, as amended by Sections 3, 4, and 5 of S.L. 2007‑471, and as amended by Sections 22.(a) and 22.(b) of S.L. 2007‑527, is repealed.

SECTION 2.  Sections 22.(c) and 22.(d) of S.L. 2007‑527 are repealed.

SECTION 3.  S.L. 2007‑471 is repealed.

SECTION 4.  Section 3 of S.L. 2006‑30 is repealed.

SECTION 5.  Any funds that have been collected under G.S. 105‑330.10 for the Combined Motor Vehicle and Registration Account and that are remaining in the Account when this act becomes law shall be distributed to the local governments on a pro rata basis based on contributions to the fund.

SECTION 6.  This act is effective when it becomes law.