Bill Summary for S 230 (2025-2026)

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Bill: EXPAND HOMESTEAD EXCLUSION INC. ELIG. LIMIT.

Summary date: 

Mar 5 2025

Bill Information:

View NCGA Bill Details2025-2026 Session
Senate Bill 230 (Public) Filed Wednesday, March 5, 2025
AN ACT TO INCREASE THE INCOME ELIGIBILITY LIMIT OF THE ELDERLY OR DISABLED PROPERTY TAX HOMESTEAD EXCLUSION.
Intro. by Ford.

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Bill summary

Identical to S135, filed 2/24/25.

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.