Bill Summary for H 594 (2023-2024)

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Summary date: 

Apr 13 2023

Bill Information:

View NCGA Bill Details2023-2024 Session
House Bill 594 (Public) Filed Monday, April 10, 2023
AN ACT TO ALLOW DISABLED VETERANS TO PREQUALIFY FOR THE DISABLED VETERAN PROPERTY TAX HOMESTEAD EXCLUSION.
Intro. by Paré, Goodwin, Winslow, Chesser.

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Bill summary

Amends the disabled veteran property tax homestead exclusion in GS 105-277.1C as follows. Allows for disabled veterans to apply for prequalification of the homestead exemption tax relief, even before purchasing a property, so long as a prequalified veteran applies for the property tax relief when purchasing the property. Sets forth an application process and notice requirements. Authorizes a prequalified applicant to provide a copy of the prequalification to the assessor to establish eligibility for the exclusion instead of providing their disability certification or other evidence of benefits received from the Department of Veterans’ Affairs. 

Effective for taxable years beginning on or after July 1, 2024.