GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2009
H D
HOUSE DRH70151-MC-145 (3/10)
Short Title: Increase Disabled Vet Property Tax Exclusion. |
(Public) |
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Sponsors: |
Representatives Coates and Steen (Primary Sponsors). |
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Referred to: |
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A BILL TO BE ENTITLED
AN ACT to increase the disabled veteran property tax homestead exclusion.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 105-277.1C(a), as enacted by S.L. 2008-107, reads as rewritten:
"(a) Exclusion. - A
permanent residence owned and occupied by an owner who is a North Carolina
resident and who is an honorably discharged disabled veteran or the unmarried
surviving spouse of an honorably discharged disabled veteran is designated a
special class of property under Article V, Section 2(2) of the North Carolina
Constitution and is taxable in accordance with this section. The first forty-five
thousand dollars ($45,000)sixty-five thousand dollars ($65,000) of
appraised value of the residence is excluded from taxation. An owner who
receives an exclusion under this section may not receive other property tax
relief."
SECTION 2. This act is effective for taxable years beginning on or after July 1, 2009.