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NC S143
Bill
AI Summary
- Removes the $45,000 cap on the disabled veteran property tax homestead exclusion, allowing the full appraised value of a qualifying veteran's permanent residence to be excluded from taxation
- Applies to permanent residences owned and occupied by qualifying disabled veterans classified as a special property class under the North Carolina Constitution
- Qualifying owners receiving this exclusion remain ineligible for other property tax relief programs
- Effective for taxable years beginning on or after July 1, 2025
- Sponsored by Senator Hanig and referred to Senate Rules and Operations Committee
Legislative Description
Disabled Veteran Property Tax Exemption
Public
Last Action
Ref To Com On Rules and Operations of the Senate
2/25/2025
Committee Referrals
Rules and Operations of the Senate2/25/2025
Full Bill Text
No bill text available