Bill Summary for H 299 (2025-2026)

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Summary date: 

Mar 5 2025

Bill Information:

View NCGA Bill Details(link is external)2025-2026 Session
House Bill 299 (Public) Filed Wednesday, March 5, 2025
AN ACT TO INCREASE THE DISABLED VETERAN PROPERTY TAX HOMESTEAD EXCLUSION.
Intro. by Goodwin, Winslow, Pike, Carson Smith.

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Bill summary

Amends GS 105-277.1C by increasing the appraised value of a residence than can be excluded from taxation under the disabled veteran property tax homestead exclusion, from the first $45,000 to the first $54,000 of appraised value. Effective for taxes imposed for taxable years beginning on or after July 1, 2025.