AN ACT to expand the disabled veteran property tax homestead exclusion.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 105‑277.1C reads as rewritten:

§ 105‑277.1C.  Disabled veteran property tax homestead exclusion.

(a)        Classification. – A permanent residence owned and occupied by a qualifying owner 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) of appraised value of the residence is excluded from taxation. A qualifying owner who receives an exclusion under this section may not receive other property tax relief.

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SECTION 2.  This act is effective for taxes imposed for taxable years beginning on or after July 1, 2025.