Starting for the tax year that begins on July 1, 2025, increases the base amount of the income eligibility limit under the elderly or disabled property tax homestead exclusion (GS 105-277.1) from $25,000 to $48,000. Makes conforming change.
EXPAND HOMESTEAD EXCLUSION INC. ELIG. LIMIT.
Printer-friendly: Click to view
| View NCGA Bill Details(link is external) | 2025-2026 Session |
AN ACT TO INCREASE THE INCOME ELIGIBILITY LIMIT OF THE ELDERLY OR DISABLED PROPERTY TAX HOMESTEAD EXCLUSION.Intro. by Ford, Hanig, Alexander.
Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Feb 25 2025)
Bill History:
-
Mon, 24 Feb 2025 Senate: Filed(link is external)
-
Tue, 25 Feb 2025 Senate: Passed 1st Reading(link is external)
S 135
Bill Summaries:
-
Bill S 135 (2025-2026)Summary date: Feb 24 2025 - View Summary
View: All Summaries for Bill
Identical to S 230, filed 3/5/25.