Removes specific property from the Town of Red Oak's corporate limits and adjusts tax implications.

This bill removes two parcels of land from the corporate limits of the Town of Red Oak, identified by Nash County Parcel Identification Numbers 382110465092 and 382115547627. The act specifies that any existing liens for ad valorem taxes or special assessments by the Town of Red Oak remain valid and enforceable. Property within the removed territory is no longer subject to municipal taxes for taxable years beginning on or after July 1, 2026. The act becomes effective June 30, 2026.

Removes specific property from the Town of Red Oak's corporate limits and adjusts tax implications.

This bill removes two parcels of land from the corporate limits of the Town of Red Oak, identified by Nash County Parcel Identification Numbers 382110465092 and 382115547627. The act specifies that any existing liens for ad valorem taxes or special assessments by the Town of Red Oak remain valid and enforceable. Property within the removed territory is no longer subject to municipal taxes for taxable years beginning on or after July 1, 2026. The act becomes effective June 30, 2026.