GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2025
S 1
SENATE BILL 230
Short Title: Expand Homestead Exclusion Inc. Elig. Limit. (Public)
Sponsors: Senator Ford (Primary Sponsor).
Referred to: Rules and Operations of the Senate
March 6, 2025
*S230 -v-1*
A BILL TO BE ENTITLED 1
AN ACT TO INCREASE T HE INCOME ELIGIBILITY LIMIT OF THE ELDERLY OR 2
DISABLED PROPERTY TAX HOMESTEAD EXCLUSIO N. 3
The General Assembly of North Carolina enacts: 4
SECTION 1. G.S. 105-277.1(a2) reads as rewritten: 5
"(a2) Income Eligibility Limit. – For the taxable year beginning on July 1, 2008, 2025, the 6
income eligibility limit is twenty-five thousand dollars ($25,000). forty-eight thousand dollars 7
($48,000). For taxable years beginning on or after July 1, 2009, 2026, the income eligibility limit 8
is the amount for the preceding year, adjusted by the same percentage of this amount as the 9
percentage of any cost-of-living adjustment made to the benefits under Titles II and XVI of the 10
Social Security Act for the preceding calendar year, rounded to the nearest one hundred dollars 11
($100.00). On or before July 1 of each year, the Department of Revenue must determine the 12
income eligibility amount to be in effect for the taxable year beginning the following July 1 and 13
must notify the assessor of each county of the amount to be in effect for that taxable year." 14
SECTION 2. This act is effective for taxes imposed for taxable years beginning on 15
or after July 1, 2025. 16