Bill Summary for S 143 (2025-2026)

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Bill: DISABLED VETERAN PROPERTY TAX EXEMPTION.

Summary date: 

Feb 24 2025

Bill Information:

View NCGA Bill Details2025-2026 Session
Senate Bill 143 (Public) Filed Monday, February 24, 2025
AN ACT TO EXPAND THE DISABLED VETERAN PROPERTY TAX HOMESTEAD EXCLUSION.
Intro. by Hanig.

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Bill summary

Amends GS 105-277.1C, which provides for a property tax homestead exclusion for disabled veterans. Revises the exclusion to provide for a total exemption of the appraised value of the residence. 

Effective for taxable years beginning on or after July 1, 2025.