Fayetteville, City of; ad valorem tax for municipal purposes; provide homestead exemption
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Progress
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- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
A BILL to be entitled an Act to provide a homestead exemption from City of Fayetteville ad valorem taxes for municipal purposes in a floating proportional amount based upon any increased property tax collections that exceed the value of property taxes collected in tax year 2025; to provide for definitions; to specify the terms and conditions of the exemption and the procedures relating thereto; to provide for applicability; to provide for compliance with constitutional requirements; to provide for a referendum, effective dates, automatic repeal, mandatory execution of election, and judicial remedies regarding failure to comply; to provide for related matters; to repeal conflicting laws; and for other purposes.
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