NC H428

Expands property tax homestead exclusion relief to include volunteer firefighters in addition to disabled veterans in North Carolina.

Excludes the first $45,000 of appraised value from taxation for qualifying volunteer firefighters and their surviving spouses who have not remarried.

Defines a volunteer firefighter as a member of a volunteer fire department appearing on the certified roster submitted to the North Carolina State Firefighters' Association.

Establishes a "hold harmless" reimbursement mechanism where the Secretary of Revenue reimburses counties and cities for lost tax revenue, calculated as the excluded property value multiplied by the local tax rate.

Effective for taxes imposed for taxable years beginning on or after July 1, 2023.