Bill Summary for H 2 (2017-2018)
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Summary date:
Mar 28 2017
Bill Information:
| View NCGA Bill Details | 2017-2018 Session |
AN ACT TO INCREASE THE DISABLED VETERAN PROPERTY TAX HOMESTEAD EXCLUSION, TO REIMBURSE LOCAL GOVERNMENTS FOR THEIR RESULTING REVENUE LOSS, AND TO PROVIDE A PROPERTY TAX HOMESTEAD EXCLUSION FOR THE SURVIVING SPOUSE OF QUALIFYING EMERGENCY PERSONNEL.Intro. by Dollar, Saine, Hardister, R. Turner.
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Bill summary
House committee substitute makes the following changes to the 2nd edition.
Amends GS 105-277 to apply the tax exemption for permanent residences owned by disabled veterans to the first $100,000 of appraised value of the residence (current law exempts the first $45,000, the 2nd edition exempted the entire value of the residence). Makes a conforming change to GS 105-282.1(a)(2).