Property Tax Modifications.
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Progress
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- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
An act to modify the income eligibility limit for the elderly OR disabled property tax homestead exclusion for married couples, to eliminate the deferred tax liability under the property tax homestead circuit breaker, to expand the property tax homestead circuit breaker by providing an alternate means to qualify based on area median income, to appropriate money to the north carolina association of county commissioners to assist counties with property reappraisals, and to impose an excise tax on the transfer of controlling interests IN entities that hold an interest IN real property.
Bill text
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