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.
Bill Summaries: S135 EXPAND HOMESTEAD EXCLUSION INC. ELIG. LIMIT.
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Bill S 135 (2025-2026)Summary date: Feb 24 2025 - View Summary