Current law provides a property tax homestead exclusion for a veteran with a service-connected disability, Amends GS 105-277.1C to add a separate disability classification for a veteran with a combat-related disability. Defines a combat-related as defined in 10 USC § 1413a. Provides that the greater amount of $45,000 or 50% of the appraised value of the residence is excluded from taxation for an owner who qualifies due to a combat-related disability; retains provisions that excludes the first $45,000 from taxation for a qualifying owner due to a service-connected disability. Makes conforming changes to the definition for disabled veteran and to the application for the exclusion requirements. Provides that an applicant for exclusion under this section for a combat –related disability must establish eligibility for the homestead exclusion by providing a copy of the veteran’s certification of a combat-related disability.
Effective for taxes imposed or taxable years beginning on or after July 1, 2011.