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NC H489

Bill

Official Source

Status

Introduced

3/27/2023

Primary Sponsor

Matthew Winslow

Click for details

Origin

House of Representatives

2023-2024 Session

AI Summary

  • Increases the property tax homestead exclusion for disabled veterans from $45,000 to $54,000 of appraised home value
  • The excluded value amount is exempt from property taxation for qualifying owners of permanent residences
  • Qualifying owners receiving this exclusion remain ineligible for other property tax relief benefits
  • Effective for taxes imposed on taxable years beginning on or after July 1, 2023
  • Sponsored by Representatives Winslow, Cleveland, Goodwin, and Chesser

Legislative Description

Increase Disabled Veteran Prop Tax Benefit

Property; Veterans

Last Action

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

3/28/2023

Committee Referrals

Finance3/28/2023

Full Bill Text

No bill text available