Bill Summary for S 695 (2025-2026)

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Bill: INCENT DEVELOPMENT FINANCE DISTRICT FUNDING.

Summary date: 

Jun 22 2026
S.L. 2026-12

Bill Information:

View NCGA Bill Details2025-2026 Session
Senate Bill 695 (Public) Filed Tuesday, March 25, 2025
AN ACT TO GROW THE PROPERTY TAX BASE OF UNITS OF LOCAL GOVERNMENT BY FACILITATING PRIVATE DEVELOPER INVOLVEMENT IN CERTAIN PROJECT DEVELOPMENTS.
Intro. by Lazzara, Johnson.

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Bill summary

AN ACT TO GROW THE PROPERTY TAX BASE OF UNITS OF LOCAL GOVERNMENT BY FACILITATING PRIVATE DEVELOPER INVOLVEMENT IN CERTAIN PROJECT DEVELOPMENTS. SL 2026-12. Enacted June 22, 2026. Effective for taxes imposed for taxable years beginning on or after July 1, 2027.