Bill Summary for S 135 (2025-2026)

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Summary date: 

Feb 24 2025

Bill Information:

View NCGA Bill Details(link is external)2025-2026 Session
Senate Bill 135 (Public) Filed Monday, February 24, 2025
AN ACT TO INCREASE THE INCOME ELIGIBILITY LIMIT OF THE ELDERLY OR DISABLED PROPERTY TAX HOMESTEAD EXCLUSION.
Intro. by Ford, Hanig, Alexander.

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Bill summary

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.