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NC H945

Bill

Official Source

Status

Introduced

4/25/2019

Primary Sponsor

Nasif Majeed

Click for details

Origin

House of Representatives

2019-2020 Session

AI Summary

  • Increases property tax homestead exclusion for disabled veterans rated 100% disabled by the U.S. Department of Veterans Affairs from $45,000 to the greater of $55,000 or 50% of appraised home value
  • Maintains $45,000 exclusion for disabled veterans with service-connected permanent total disability ratings under 38 U.S.C. § 2101
  • Extends increased property tax benefits to surviving spouses of qualifying disabled veterans who have not remarried
  • Restricts veterans receiving exclusions under this section from receiving other property tax relief
  • Effective for property taxes imposed for taxable years beginning on or after July 1, 2019

Legislative Description

Augment Disabled Veteran Property Tax Benefit

Last Action

Ref to the Com on Finance, if favorable, Rules, Calendar, and Operations of the House

4/26/2019

Committee Referrals

Finance4/26/2019

Full Bill Text

No bill text available