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NC H115
Bill
Status
2/12/2025
Primary Sponsor
Bryan Cohn
Click for details
AI Summary
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Licensed child care facilities would be exempt from property taxes on buildings, the land they occupy, and adjacent land necessary for facility operations
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Facilities must hold a current license under Article 7 of Chapter 110 of the General Statutes to qualify as a "qualifying child care facility"
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Partial exemptions available when only a portion of a property is used exclusively for child care services
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Exemption is prohibited during any period when a facility is on probation or has its license suspended or revoked by the Secretary of Health and Human Services
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Effective for taxable years beginning on or after July 1, 2026
Legislative Description
Child Care Facility Tax Exemption
Public
Last Action
Ref to the Com on Finance, if favorable, Health, if favorable, Education - K-12, if favorable, Rules, Calendar, and Operations of the House
2/13/2025