North Carolina SB 128: Heroes Homestead Act.

Bill Text

GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2025
S 1
SENATE BILL 128

Short Title: Heroes Homestead Act. (Public)
Sponsors: Senators Sawrey, Lazzara, and Johnson (Primary Sponsors).
Referred to: Rules and Operations of the Senate
February 24, 2025
*S128-v-1*
A BILL TO BE ENTITLED 1
AN ACT TO INCREASE THE PROPERTY TAX HOMESTEAD EXCLUSION AMOUNT 2
FOR DISABLED VETERANS. 3
The General Assembly of North Carolina enacts: 4
SECTION 1. G.S. 105-277.1C reads as rewritten: 5
"§ 105-277.1C. Disabled veteran property tax homestead exclusion. 6
(a) Classification. – A permanent residence owned and occupied by a qualifying owner 7
is designated a special class of property under Article V, Section 2(2) of the North Carolina 8
Constitution and is taxable in accordance with this section. The first forty-five thousand dollars 9
($45,000) seventy-six thousand five hundred dollars ($76,500) of appraised value of the 10
residence is excluded from taxation. A qualifying owner who receives an exclusion under this 11
section may not receive other property tax relief. 12
...." 13
SECTION 2. This act is effective for taxes imposed for taxable years beginning on 14
or after July 1, 2026. 15