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.
EXPAND HOMESTEAD EXCLUSION INC. ELIG. LIMIT.
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| View NCGA Bill Details | 2025-2026 Session |
AN ACT TO INCREASE THE INCOME ELIGIBILITY LIMIT OF THE ELDERLY OR DISABLED PROPERTY TAX HOMESTEAD EXCLUSION.Intro. by Ford, Hanig, Alexander.
Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Feb 25 2025)
Bill History:
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Mon, 24 Feb 2025 Senate: Filed
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Tue, 25 Feb 2025 Senate: Passed 1st Reading
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Tue, 25 Feb 2025 Senate: Ref To Com On Rules and Operations of the Senate
S 135
Bill Summaries:
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Bill S 135 (2025-2026)Summary date: Feb 24 2025 - View Summary
View: All Summaries for Bill
Identical to S 230, filed 3/5/25.