Orange County NC Website
(f) The Board of Commissioners of Orange County may, by <br />resolution, repeal or reduce the rate of a tax levied <br />under this act. Repeal or reduction of the tax must <br />become effective on the first day of a month and may <br />not become effective until the end of the fiscal year <br />in which the repeal or reduction resolution was <br />adopted. Repeal of an excise tax on conveyances, or <br />reduction of its rate, under this act does not effect a <br />liability for a tax that attached before the effective <br />date of the repeal or reduction, nor does it effect a <br />right to a refund of a tax that accrued before the <br />effective date of the repeal or reduction. <br />(g) The proceeds of the tax levied under this act may be <br />used for any lawful purpose. <br />SECTION 2. This act applies to Orange County only. <br />SECTION 3. This act is effective when it becomes law. <br />