Appropriates $250,000 from the General Fund to the NC Association of County Commissioners for 2026-27 to provide grants to counties for advertising and promoting the State's property tax relief programs under Subchapter II of GS Chapter 105. Effective July 1, 2026.

Amends GS 105-277.1B (Property tax homestead circuit breaker). Changes the income eligibility limit previously tied to the limit established for the elderly or disabled property tax homestead exclusion. For the taxable year beginning July 1, 2027, sets the limit at $45,000. For taxable years beginning on or after July 1, 2028, adjusts the amount for the preceding year by the same percentage as the percentage of any cost-of-living adjustment made to the benefits under Titles II and XVI of the Social Security Act, rounded as specified. Establishes that the limit for married applicants residing with their spouse is 200% of the standard income eligibility limit. Establishes a new requirement for county tax collectors to notify the Secretary of Revenue of the county's hold harmless amount, defined as the tax deferred under the statute, with failure to do so by the due date resulting in forfeiture of reimbursement for that taxable year. Provides for distribution of reimbursements to counties by December 31 the total hold harmless amount, defined as the sum of the hold harmless amount for all permanent residences in the county and cities located therein. Requires counties to distribute any funds received that are attributable to the respective city or credit other units or districts as advised by Local Government Commission regulations. Directs the Secretary to cover the cost of reimbursement and administration by drawing from collections received from individual income tax, Part 2, Article 4, GS Chapter 105. Effective for taxable years beginning on or after July 1, 2027.