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Bill

SB 119

An Act amending Title 7 (Banks and Banking) of the Pennsylvania Consolidated Statutes, providing for community reinvestment, for community reinvestment by banks and for community reinvestment by nonbank entities.

2025-2026 Regular Session Introduced by Jay Costa and 7 co-sponsors

Annexes multiple parcels into Creedmoor and deannexes one parcel, expanding the city's tax base and services as of mid-2025; existing liens remain enforceable.

Referred to Banking & Insurance
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WeVote Research Nonpartisan
Bill Summary · SB 119

SB 119 — Creedmoor Annexations/Deannexation (Granville County)

Status & Introduction
- Introduced: January 23, 2025.
- Status (as provided): Passed first reading.

Purpose / Intent
- To alter the municipal boundary of the City of Creedmoor (Granville County, NC) by statutorily annexing a set of specified parcels into the city and removing (de‑annexing) a specific parcel from city limits. The change formalizes jurisdictional, taxation, and service boundaries for the parcels listed in the bill.

Key provisions
- Annexation (Section 1)
- Adds a large set of properties to the corporate limits of the City of Creedmoor. Each property is identified by its Granville County parcel identification number; the bill text lists each parcel number explicitly.
- The bill makes those parcels part of the city for municipal purposes effective June 30, 2025.
- Tax rule: Property located in the annexed territory as of January 1, 2025, will be subject to municipal ad valorem taxes for taxable years beginning on or after July 1, 2025.

  • Deannexation (Section 2)

    • Removes one identified parcel from the corporate limits of Creedmoor: parcel ID 180603417847.
    • Preserves the validity of any municipal liens (ad valorem tax liens or special assessments) that were outstanding before the deannexation’s effective date — such liens may still be collected or foreclosed as if the property remained inside the city.
    • Effective date: June 30, 2025. Property in that territory as of January 1, 2025, will no longer be subject to municipal taxes for taxable years beginning on or after July 1, 2025.
  • General (Section 3)

    • Except as otherwise provided, the act takes effect when it becomes law (but Sections 1(b) and 2(c) set the June 30, 2025 timing noted above).

Who is affected
- Owners of the listed parcel(s) being annexed (will become city residents/taxpayers and subject to city regulations, permits, and taxes).
- Owner(s) of the single parcel being deannexed (loss of city taxation and municipal regulatory jurisdiction moving forward; existing city liens remain collectible).
- City of Creedmoor — responsibilities expand/contracts for municipal services, zoning, planning oversight, and revenue/expenditure impacts.
- Granville County — property tax administration and coordination with municipal boundaries and service delivery.
- Utility providers, school districts, emergency services, and local permitting authorities may have operational or jurisdictional changes.

Practical and fiscal impacts
- Annexed parcels bring additional taxable base to the City of Creedmoor (tax revenues begin for taxable years starting July 1, 2025, for property in territory as of Jan 1, 2025).
- Deannexation removes property from the city tax base but does not negate preexisting municipal liens.
- Municipal service responsibilities (roads, water/sewer if provided by city, police/EMS coverage, code enforcement, planning/zoning) may need adjustment and coordination between city and county.
- No fiscal figures are included in the bill text; local governments typically assess budgetary impacts after annexation.

Implementation / Next steps for stakeholders
- Property owners should review the bill’s parcel list and consult the Granville County Tax Office or City of Creedmoor for status, tax implications, and service changes.
- City and county administrators should coordinate to update tax rolls, revise service plans, and communicate timing and obligations to affected residents.
- Entities holding existing city liens on the deannexed parcel should verify lien priority/collection processes and continue enforcement as allowed under the bill.

Where to find the details
- The bill text contains the full list of parcel identification numbers for annexation and the single parcel number for deannexation; the legal descriptions and the exact statutory language (including effective dates and tax rules) are in Sections 1–3 of the bill.

Compiled from official sources — confirm details with the bill’s official record.

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