Bill Summary for S 695 (2025-2026)
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Summary date:
Jun 10 2026
Bill Information:
| View NCGA Bill Details | 2025-2026 Session |
AN ACT TO GROW THE PROPERTY TAX BASE OF UNITS OF LOCAL GOVERNMENT BY FACILITATING PRIVATE DEVELOPER INVOLVEMENT IN CERTAIN PROJECT DEVELOPMENTS.Intro. by Lazzara, Johnson.
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Bill summary
House amendment to the 3rd edition makes the following changes.
Amends the triggers in GS 105-277.03 for ending the property tax exclusion so that it is now at the earlier of the sale of the property, or 10 years (was, five years) from the time the property first received the property tax benefit.