summary
Introduced
02/22/2023
02/22/2023
In Committee
02/23/2023
02/23/2023
Crossed Over
Passed
Dead
12/13/2024
12/13/2024
Introduced Session
2023-2024 Session
Bill Summary
AN ACT TO INCREASE THE PROPERTY TAX HOMESTEAD EXCLUSION AMOUNT FOR DISABLED VETERANS, TO REIMBURSE LOCAL GOVERNMENTS FOR THEIR RESULTING REVENUE LOSS, AND TO ALLOW DISABLED VETERANS TO PREQUALIFY FOR THE DISABLED VETERAN PROPERTY TAX HOMESTEAD EXCLUSION.
AI Summary
This bill, the deViere Disabled Veterans Act, aims to increase the property tax homestead exclusion amount for disabled veterans in North Carolina. Specifically, it raises the exclusion from the first $45,000 of appraised value to the first $100,000, increasing to $150,000 by 2026 and $200,000 by 2028. The bill also allows disabled veterans to prequalify for the exclusion before purchasing a permanent residence, and requires the state to reimburse local governments for the resulting revenue loss. These changes are intended to provide greater property tax relief for disabled veterans and facilitate their home purchases.
Committee Categories
Budget and Finance
Sponsors (29)
Mary Wills Bode (D)*,
Todd Johnson (R)*,
Michael Lazzara (R)*,
Gale Adcock (D),
Ted Alexander (R),
Val Applewhite (D),
Lisa Barnes (R),
Sydney Batch (D),
Danny Britt (R),
Jay Chaudhuri (D),
Amy Galey (R),
Michael Garrett (D),
Robert Hanig (R),
Rachel Hunt (D),
Steve Jarvis (R),
Michael Lee (R),
Paul Lowe (D),
Natasha Marcus (D),
Tom McInnis (R),
Tim Moffitt (R),
Mujtaba Mohammed (D),
Natalie Murdock (D),
Jim Perry (R),
DeAndrea Salvador (D),
Benton Sawrey (R),
Vickie Sawyer (R),
Kandie Smith (D),
Joyce Waddell (D),
Mike Woodard (D),
Last Action
Re-ref to Finance. If fav, re-ref to Rules and Operations of the Senate (on 02/23/2023)
Bill Topics
Community Development and Housing Issues
- ‐ Housing Assistance for Veterans
Defense
- ‐ Veterans Affairs
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.ncleg.gov/BillLookUp/2023/S148 | 02/22/2023 |
| BillText | https://www.ncleg.gov/Sessions/2023/Bills/Senate/PDF/S148v1.pdf | 02/23/2023 |
| BillText | https://www.ncleg.gov/Sessions/2023/Bills/Senate/PDF/S148v0.pdf | 02/22/2023 |
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