SB 795 North Carolina Senate · 2025-2026 Session

Modify Taxation of 1031 Exchanges.

This bill modifies how North Carolina taxes gains from 1031 exchanges, which allow property owners to swap real estate without immediately paying capital gains taxes. Under the new rules, taxpayers can deduct from their state taxable income any profit from such a swap that is classified as "non-like-kind" property, but only up to the amount of the original property's value. These changes apply to individuals or businesses participating in real estate exchanges starting with tax years beginning on or after January 1, 2026. The legislation aims to align state tax calculations with specific federal provisions regarding deferred exchanges.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Apr 2026

Committee Review

Floor Vote

Governor

Introduced Apr 21, 2026 Last action Apr 22, 2026

Maddy AI version diff · 1 comparison

What changed between versions

Filed → Edition 1 · 3 edits

MINOR

The bill's header and metadata were updated to reflect a new bill number (S795-v-1) and a revised filing date. The legislative body's reference was expanded to explicitly include the Rules and Operations of the Senate, clarifying the committee assignment. These changes are primarily administrative and formatting updates rather than substantive policy modifications.

Scope change

The bill's scope and applicability remain unchanged; the updates are limited to administrative metadata.

TECHNICAL

Added explicit reference to the Rules and Operations of the Senate committee.

Updated the bill number from a draft identifier to the official S795-v-1 designation.

Adjusted the filing date from April 21, 2026, to April 22, 2026.

Floor votes

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Full legislative history

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Key actions

Committee

Apr 22, 2026

Committee

Ref To Com On Rules and Operations of the Senate

upper

Apr 21, 2026

Introduced

Filed

upper

0 primary · 4 co-sponsors