1920 public laws – Ch.1 Sec.1
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CHAPTER 1 AN ACT TO REVISE AND LIMIT TAX RATES FOR THE YEAR 1920 IN COMPLIANCE WITH PROVISIONS OF THE REVALUATION ACT; TO PROVIDE ADDITIONAL REVE- NUE FOR THE STATE FROM FRANCHISE AND LICENSE TAXES, AND FOR OTHER PURPOSES. The General Assembly of North Carolina do enact:
That the assessment or valuation of property, made under provisions of chapter eighty-four of the Public Laws of one thousand nine hundred and nineteen, is hereby approved by the General Assembly and adopted as the basis for the levy of tax rates by the State and by all sub-divisions of the State for which taxes are levied for the year one thousand nine hundred and twenty, and the valuation of real property so fixed shall be adopted for the years one thousand nine hundred and twenty-one, one thousand nine hundred and twenty-two and one thousand nine hundred and twenty-three, except as such valuations may be hereafter changed according to law.