SB 427 North Carolina Senate · 2025-2026 Session

Property Tax Modifications.

SB 427 modifies North Carolina's property tax laws. It expands the types of personal property excluded from taxation to include certain business-related personal property valued at $20,000 or less, directly affecting businesses and individuals owning such assets. The bill also adjusts the rules and penalties for listing property for tax purposes. Additionally, it temporarily waives interest on underpaid property taxes for real and personal property located in specific "affected areas" for a period between January 7, 2025, and December 31, 2026.

Issues: ✓ Budget & Taxes

Bill status died 1 of 4 stages cleared

Introduction

Mar 2025

Committee Review

Floor Vote

Governor

Introduced Mar 24, 2025 Last action Apr 28, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Filed → Edition 1 · 4 edits

MODERATE

This bill update primarily involves administrative and formatting changes rather than substantive policy modifications. The document was transitioned from a filed version to the first official edition, with updated metadata and page numbering. No changes were made to the actual legislative content or policy provisions.

TECHNICAL

Removed the filing date of March 24, 2025 and the original bill number DRS45238-MCf-103 from the header section.

Added session information and bill number formatting with 'Senate Bill 427' and edition identifier 'S427-v-1'.

Updated the reference from 'DRS45238-MCf-103' to 'Senate Bill 427-First Edition' on the page footer.

Added 'Rules and Operations of the Senate' as the committee referral with date March 25, 2025.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 28, 2025

Committee

Re-ref to Finance. If fav, re-ref to Rules and Operations of the Senate

upper

Mar 25, 2025

Committee

Ref To Com On Rules and Operations of the Senate

upper

Mar 24, 2025

Introduced

Filed

upper

2 primary · 1 co-sponsor