summary
Introduced
02/13/2025
02/13/2025
In Committee
09/23/2025
09/23/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Session
Bill Summary
AN ACT TO INCREASE THE DISABLED VETERAN PROPERTY TAX HOMESTEAD EXCLUSION AMOUNT AND TO PROVIDE LOCAL GOVERNMENTS WITH A PARTIAL REIMBURSEMENT FOR THE LOSS OF REVENUE.
AI Summary
This bill increases the property tax homestead exclusion for disabled veterans in North Carolina from $45,000 to $61,000 of appraised home value, effective July 1, 2026. The bill defines a disabled veteran as a military veteran with an honorable discharge who has received Veterans Affairs benefits, has a service-connected permanent and total disability, or whose death was the result of a service-connected condition. Qualifying owners include the disabled veteran themselves or their surviving spouse who has not remarried. To mitigate the potential financial impact on local governments, the state will reimburse counties and cities for 50% of the tax revenue lost due to this increased exclusion. Each local tax collector must submit detailed information about qualifying veterans to the Secretary of Revenue by February 15th annually, including property value, tax rate, and reduction in taxes. The reimbursement will be distributed to local governments by April 15th each year, with funds drawn from state tax collections to cover both the reimbursement and administrative costs.
Committee Categories
Budget and Finance, Government Affairs, Military Affairs and Security
Sponsors (64)
Grant Campbell (R)*,
Allen Chesser (R)*,
Donnie Loftis (R)*,
Mike Schietzelt (R)*,
Eric Ager (D),
Jonathan Almond (R),
Cynthia Ball (D),
Jerry Branson (R),
Gloristine Brown (D),
Kanika Brown (D),
Allen Buansi (D),
Laura Budd (D),
Deb Butler (D),
Celeste Cairns (R),
Richard Carver (R),
Tracy Clark (D),
Bryan Cohn (D),
Mike Colvin (D),
Sarah Crawford (D),
Carla Cunningham (D),
Ted Davis (R),
Brian Echevarria (R),
Blair Eddins (R),
Wyatt Gable (R),
Ed Goodwin (R),
Julia Greenfield (D),
Pricey Harrison (D),
Beth Helfrich (D),
Chris Humphrey (R),
Frank Iler (R),
Frances Jackson (D),
Neal Jackson (R),
Ray Jeffers (D),
Monika Johnson-Hostler (D),
Carolyn Logan (D),
Tim Longest (D),
Jarrod Lowery (R),
Nasif Majeed (D),
Jeff McNeely (R),
Charlie Miller (R),
Marcia Morey (D),
Ben Moss (R),
Erin Paré (R),
Garland Pierce (D),
Rodney Pierce (D),
Joe Pike (R),
Dante Pittman (D),
Lindsey Prather (D),
Renée Price (D),
Tim Reeder (R),
Heather Rhyne (R),
Dennis Riddell (R),
James Roberson (D),
Stephen Ross (R),
Paul Scott (R),
Charles Smith (D),
Julie Von Haefen (D),
Bill Ward (R),
Harry Warren (R),
Diane Wheatley (R),
Shelly Willingham (D),
David Willis (R),
Matthew Winslow (R),
Jeff Zenger (R),
Last Action
Re-ref Com On Rules, Calendar, and Operations of the House (on 09/23/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ncleg.gov/BillLookUp/2025/H118 |
| Analysis - Summary H118-SMSV-90(CSSVf-30)-v-2 | https://dashboard.ncleg.gov/api/Services/BillSummary/2025/H118-SMSV-90(CSSVf-30)-v-2 |
| BillText | https://www.ncleg.gov/Sessions/2025/Bills/House/PDF/H118v3.pdf |
| Analysis - Summary H118-SMBB-12(CSSVf-1)-v-3 | https://dashboard.ncleg.gov/api/Services/BillSummary/2025/H118-SMBB-12(CSSVf-1)-v-3 |
| BillText | https://www.ncleg.gov/Sessions/2025/Bills/House/PDF/H118v2.pdf |
| BillText | https://www.ncleg.gov/Sessions/2025/Bills/House/PDF/H118v1.pdf |
| BillText | https://www.ncleg.gov/Sessions/2025/Bills/House/PDF/H118v0.pdf |
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