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HB 950

North Carolina - Session 2025

House in_committee 2025-04-14
Bill Details

Title: Elderly/Disabled Prop. Tax Mods.

Summary

Modifies the elderly or disabled property tax homestead exclusion under GS 105-277.1 as follows . Changes the exclusion amount to 100% of the appraised value of the residence (currently, the greater of $25,000 or 50% of the appraised value of the residence). Increases the age a person can become a qualifying owner from 65 years of age to 70 years of age. Removes the requirement that the person have an income for the preceding calendar year of not more than the income eligibility limit. Makes conforming changes.

Sponsor
Diane Wheatley
Official Source Back to Bills
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Actions Timeline
Date Event Detail
2025-04-10 Introduced Bill introduced
2025-04-14 Status in_committee
2025-04-14 Latest Action Ref to the Com on Finance, if favorable, Rules, Calendar, and Operations of the House
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