SB 135 North Carolina Senate · 2025-2026 Session

Expand Homestead Exclusion Inc. Elig. Limit.

This bill increases North Carolina's income limit for the property tax homestead exclusion for elderly or disabled homeowners from $25,000 to $48,000, effective for taxes due in 2025. It applies to qualifying homeowners whose income would otherwise disqualify them from the exclusion. The new limit will automatically adjust annually based on Social Security cost-of-living adjustments, rounded to the nearest $100. This change directly affects low-to-moderate-income elderly or disabled homeowners seeking property tax relief.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 24, 2025 Last action Feb 25, 2025

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What changed between versions

Filed → Edition 1 · 3 edits

MINOR

This bill primarily underwent formatting and metadata updates rather than substantive policy changes. The document was transitioned from a filed version to an official Senate edition, with the bill number updated from DRS35067-MCf-97A to S135-v-1. The referral information was added to specify that the bill is assigned to the Rules and Operations of the Senate committee.

TECHNICAL

Added official Senate edition header information including session year and bill number S135-v-1

Added referral information directing the bill to Rules and Operations of the Senate committee with date February 25, 2025

Removed original filed document metadata including filing date of February 24, 2025 and original document identifier DRS35067-MCf-97A

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Full legislative history

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Committee

Feb 25, 2025

Committee

Ref To Com On Rules and Operations of the Senate

upper

Feb 24, 2025

Introduced

Filed

upper

2 primary · 10 co-sponsors