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Bill > H489


NC H489

NC H489
Increase Disabled Veteran Prop Tax Benefit


summary

Introduced
03/27/2023
In Committee
03/28/2023
Crossed Over
Passed
Dead
12/13/2024

Introduced Session

2023-2024 Session

Bill Summary

AN ACT TO INCREASE THE DISABLED VETERAN PROPERTY TAX HOMESTEAD EXCLUSION.

AI Summary

This bill proposes to increase the disabled veteran property tax homestead exclusion from $45,000 to $54,000 of the appraised value of the residence. The change would be effective for taxes imposed for taxable years beginning on or after July 1, 2023. This exclusion provides property tax relief for disabled veterans who own and occupy their permanent residence.

Committee Categories

Budget and Finance

Sponsors (30)

Last Action

Ref to the Com on Finance, if favorable, Rules, Calendar, and Operations of the House (on 03/28/2023)

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