§ 105-604. Repeal or reduction. - North Carolina Statutes

§ 105‑604.  Repeal orreduction.

A county may, by resolution,repeal or reduce the rate of a tax levied under this Article. Repeal orreduction of the tax must become effective on the first day of a month and maynot become effective until the end of the fiscal year in which the repeal orreduction resolution was adopted. Repeal of a land transfer tax, or reductionof its rate, under this Article does not affect a liability for a tax thatattached before the effective date of the repeal or reduction, nor does itaffect a right to a refund of a tax that accrued before the effective date ofthe repeal or reduction. (2007‑323, s. 31.17(a).)