North CarolinaProposal would remove two parcels from Red Oak and end town taxes
The proposal would remove two parcels from Red Oak and, for property in the area as of January 1, 2026, end town taxes for later tax years.
What it does
Two identified parcels would leave the Town of Red Oak. The town could still collect or foreclose on tax and assessment liens that were outstanding before the change takes effect.
The covered property would no longer be subject to town taxes for tax years beginning on or after July 1, 2026.
Argument forOwners could stop paying town taxes on the covered parcels for tax years beginning July 1, 2026, or later.
Argument againstOwners could still face collection or foreclosure of old town tax and assessment liens after their parcels leave town limits.
More detail
The proposal would remove two identified parcels from the Town of Red Oak’s corporate limits. The parcels are Nash County parcel identification numbers 382110465092 and 382115547627. The town could still collect or foreclose on property tax and special assessment liens that were outstanding before the effective date, as if the parcels remained within town limits. The proposed removal would take effect June 30, 2026.
The proposal would end municipal tax liability on the covered property for certain tax years. The two parcels identified in Section 1(a) are covered. The property must be in the described territory as of January 1, 2026. This tax treatment would apply to taxable years beginning on or after July 1, 2026.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- May 28Withdrawn From ComLatest
- May 28Re-ref to the Com on Election Law, if favorable, Rules, Calendar, and Operations of the HouseMinor
- May 18Passed 1st ReadingMinor
- May 18Ref To Com On Rules, Calendar, and Operations of the HouseMinor
- May 14Regular Message Sent To House
- May 14Regular Message Received From Senate
- May 13Passed 3rd ReadingPassed Senate
- Vote recorded Third Reading. Result: pass.Upper
- May 12Passed 2nd ReadingMinor
- Vote recorded Second Reading. Result: pass.Upper
- May 11Reptd FavMinor
- May 6Reptd FavMinor
- May 6Re-ref Com On Rules and Operations of the SenateMinor
- May 5Reptd FavMinor
- May 5Re-ref Com On FinanceMinor
- Apr 28Passed 1st ReadingMinor
- Apr 28Ref To Com On Rules and Operations of the SenateMinor
- Apr 28Withdrawn From Com
- Apr 28Re-ref to State and Local Government. If fav, re-ref to Finance. If fav, re-ref to Rules and Operations of the SenateMinor
- Apr 27FiledIntroduced
Taxes & Budget