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NC H1076
Bill
Status
Introduced
5/26/2022
Primary Sponsor
Terence Everitt
Click for details
AI Summary
- Eliminates the $45,000 property value cap on the disabled veterans homestead property tax exclusion, allowing full waiver of property taxes on permanent residences owned and occupied by qualifying disabled veterans
- Extends eligibility to surviving spouses of disabled veterans who have not remarried
- Defines qualifying disabled veterans as those with honorable discharge who receive VA benefits under 38 U.S.C. § 2101, have service-connected permanent total disability certification, or whose death resulted from a service-connected condition
- Establishes state reimbursement to counties and cities for tax revenue lost through the exemption, with the Secretary of Revenue distributing funds by December 31 each year
- Effective for property taxes imposed for taxable years beginning on or after July 1, 2022
Legislative Description
Disabled Veterans Property Tax Waiver
Public
Last Action
Re-ref Com On Rules, Calendar, and Operations of the House
6/6/2022
Committee Referrals
Rules, Calendar, and Operations of the House6/6/2022
Homeland Security, Military, and Veterans Affairs5/27/2022
Full Bill Text
No bill text available