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NC S444
Bill
Status
Introduced
3/31/2021
Primary Sponsor
Julie Mayfield
Click for details
AI Summary
- Modifies the property tax homestead circuit breaker eligibility requirements in North Carolina General Statute 105-277.1B
- Removes the age requirement of 65 years old, allowing totally and permanently disabled owners of any age to qualify for the benefit
- Allows subsequent owners to count previous owner's ownership and occupancy periods toward the five-year requirement if they are the surviving spouse or inheritor who continues to occupy the property
- Allows husband and wife to receive the full benefit if only one spouse meets the length of occupancy, ownership, and age or disability requirements
- Effective for taxes imposed for taxable years beginning on or after July 1, 2021
Legislative Description
Expand Circuit Breaker Property Tax Benefit
Public
Last Action
Ref To Com On Rules and Operations of the Senate
4/1/2021
Committee Referrals
Rules and Operations of the Senate4/1/2021
Full Bill Text
No bill text available