summary
Introduced
03/05/2025
03/05/2025
In Committee
03/06/2025
03/06/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Session
Bill Summary
AN ACT TO INCREASE THE DISABLED VETERAN PROPERTY TAX HOMESTEAD EXCLUSION.
AI Summary
This bill proposes to increase the property tax homestead exclusion for disabled veterans in North Carolina by raising the excluded appraised value from $45,000 to $54,000. Under current law, qualifying disabled veterans can exclude a portion of their primary residence's appraised value from taxation, which means they pay lower property taxes. The bill specifically amends the existing statute to increase the exclusion amount by $9,000, providing additional tax relief for disabled veterans who own and occupy their homes. The changes will take effect for tax years beginning on or after July 1, 2025, giving local tax authorities and homeowners time to prepare for the new exclusion amount. Importantly, the bill maintains the existing provision that a qualifying veteran may not receive additional property tax relief beyond this exclusion, ensuring the tax benefit remains targeted and consistent.
Committee Categories
Military Affairs and Security
Sponsors (36)
Ed Goodwin (R)*,
Joe Pike (R)*,
Carson Smith (R)*,
Matthew Winslow (R)*,
Eric Ager (D),
Jonathan Almond (R),
Cynthia Ball (D),
Brian Biggs (R),
Terry Brown (D),
Deb Butler (D),
Celeste Cairns (R),
Maria Cervania (D),
Mike Colvin (D),
Carla Cunningham (D),
Aisha Dew (D),
Blair Eddins (R),
Pricey Harrison (D),
Zack Hawkins (D),
Frank Iler (R),
Frances Jackson (D),
Neal Jackson (R),
Ray Jeffers (D),
Jarrod Lowery (R),
Nasif Majeed (D),
Howard Penny (R),
Garland Pierce (D),
Rodney Pierce (D),
Renée Price (D),
Amos Quick (D),
Paul Scott (R),
Charles Smith (D),
Julie Von Haefen (D),
Bill Ward (R),
Donna White (R),
David Willis (R),
Jeff Zenger (R),
Last Action
Ref to the Com on Homeland Security and Military and Veterans Affairs, if favorable, Finance, if favorable, Rules, Calendar, and Operations of the House (on 03/06/2025)
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/H299 |
| BillText | https://www.ncleg.gov/Sessions/2025/Bills/House/PDF/H299v1.pdf |
| BillText | https://www.ncleg.gov/Sessions/2025/Bills/House/PDF/H299v0.pdf |
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