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Ref to the Com on Finance, if favorable, Health, if favorable, Education - K-12, if favorable, Rules, Calendar, and Operations of the House2025-02-13

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No floor votes recorded.

Plain Language Summary

This bill creates a property tax exemption for licensed child care facilities in North Carolina. Facilities that are properly licensed and actually used to provide child care would be exempt from property taxes on their buildings, land, and reasonably necessary adjacent land, with the exemption beginning for tax years after July 1, 2026.

Arguments in Favor

• •Supporters argue this exemption helps make child care more affordable and accessible by reducing operating costs for child care facilities, which can lower fees for families.
• •They contend that child care is essential infrastructure that benefits the community by enabling parents to work, and that tax relief would support the growth of licensed facilities, particularly in areas with child care shortages.

Arguments Against

• •Opponents argue that tax exemptions reduce revenue available for local schools, infrastructure, and services funded by property taxes.
• •They contend that the exemption may primarily benefit larger or already-established facilities rather than addressing fundamental affordability issues, and question whether lost tax revenue is justified compared to other ways to support child care access.