Increase Disabled Veteran Prop Tax Benefit
Plain English Summary
This bill increases the property tax homestead exclusion for disabled veterans in North Carolina from $45,000 to $54,000 in appraised home value. This means disabled veterans would pay property taxes on a smaller portion of their home's value, resulting in lower annual property tax bills.
Arguments in Favor
Supporters argue this increase helps disabled veterans afford to stay in their homes by reducing their property tax burden. They contend that veterans who have sacrificed for the state deserve enhanced financial support, and this modest increase acknowledges the cost of living increases since the previous exclusion amount was set.
Arguments Against
Opponents may argue this reduces property tax revenue that funds local schools, infrastructure, and services, potentially requiring other funding sources or spending cuts. They may also question whether this is the most cost-effective way to support veterans compared to other assistance programs, or whether the increase is proportionate to actual need.
AI-generated analysis based on bill text. Always verify with official sources at ncleg.gov. This is not legal or political advice.
Sponsors
Primary Sponsor
Representative · District 1
Primary Sponsor
Representative · District 6
Primary Sponsor
Representative · District 16
Primary Sponsor
Representative · District 7
Cosponsors (32)
Representative · District 48
Representative · District 68
Representative · District 5
Representative · District 114
Representative · District 92
Representative · District 47
Representative · District 44
Representative · District 36
Representative · District 106
Representative · District 53
Representative · District 18
Representative · District 41
Representative · District 61
Representative · District 17
Representative · District 99
Representative · District 50
Representative · District 26
Representative · District 13
Representative · District 45
Representative · District 42
Representative · District 27
Representative · District 49
Representative · District 94
Representative · District 111
Representative · District 58
Representative · District 70
Representative · District 31
Representative · District 74
Representative · District 78
Representative · District 73
Representative · District 107
Representative · District 2