Bill Summary for S 128 (2025-2026)
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Bill: HEROES HOMESTEAD ACT.
Summary date:
Feb 21 2025
Bill Information:
View NCGA Bill Details(link is external) | 2025-2026 Session |
AN ACT TO INCREASE THE PROPERTY TAX HOMESTEAD EXCLUSION AMOUNT FOR DISABLED VETERANS.Intro. by Sawrey, Lazzara, Johnson.
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Bill summary
Amends the disabled veteran property tax homestead exclusion (GS 105-277.1C) by increasing the amount of the exclusion to the first $76,500 of the appraised value of the veteran’s residence (was, the first $45,000 of the appraised value). Effective for taxes imposed for taxable years beginning on or after July 1, 2026.