Honoring Sacrifice: NC Veterans Relief Act.

SB 660 increases the property tax exemption for disabled veterans in North Carolina from $45,000 to $75,000 of home value, effective for taxes starting July 2025. It also allows 100% disabled veterans to exclude their primary vehicle from property tax and creates a prequalification process to determine eligibility before purchasing a home. Local governments will be reimbursed by the state for 50% of revenue losses from these exemptions, capped at 1% of their general fund revenue. The bill directly affects North Carolina residents who are 100% disabled veterans or surviving spouses of such veterans.