Budget & Taxes

signed · North Carolina · Senate Jun 22, 2026

SB 695: Incent Development Finance District Funding.

SB 695, titled "Incent Development Finance District Funding," was introduced in 2025 but withdrawn from committee on April 28, 2025, without advancing further. The bill's title suggests it aimed to establish incentives for funding Development Finance Districts (DFDs), which are designated areas where local governments use special tax mechanisms to finance public improvements. However, no specific policy provisions or affected entities are described in the provided context, as the bill was withdrawn before committee action. Since it did not pass committee or receive a full legislative vote, no concrete policy changes were enacted.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes tax incentives for Development Finance Districts (DFDs), directly addressing taxation to fund public improvements through special tax mechanisms.85% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · North Carolina · Senate Jun 19, 2026

SB 889: Property Tax Reappraisal Moratorium.

This bill requires counties in North Carolina that completed a property reappraisal effective January 1, 2026, to temporarily pause using those new values for tax calculations. Instead, these counties must use the property values from their previous reappraisal for the 2026-2027 fiscal year and continue using the 2026 reappraisal values for all future years until a new general reappraisal is conducted. The legislation also clarifies the timeline for scheduling the next reappraisal and allows taxpayers to appeal property listings related to the 2026 reappraisal during the 2027 calendar year. Additionally, the bill updates qualifications and requirements for county assessors, mandating a $20 examination fee for certain candidates and requiring all assessors to complete 30 hours of continuing education every 24 months.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill pauses property tax reappraisal, preventing immediate tax increases and providing fiscal relief to taxpayers.85% confidence | Rep's Stance ✗ Voted No ✗ Opposes Budget & Taxes

signed · North Carolina · House Jun 19, 2026

HB 1123: UNC Omnibus and Capital Contracting Law Changes.

This bill authorizes the University of North Carolina system to finance specific capital improvement projects, such as dormitory renovations and new construction, using non-state funds like gifts, grants, and hospital receipts. It allows the university to issue special obligation bonds to cover these costs and includes a mechanism for the Director of the Budget to adjust project funding if necessary. Additionally, the legislation standardizes the residency determination process for admission to the North Carolina School of Science and Mathematics and revises tuition grant rules for graduates of that school and the UNC School of the Arts. These changes aim to support university infrastructure development and ensure equitable access to specialized science and arts programs for North Carolina residents.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill enables university capital projects via non-state funds and bonds, promoting fiscal management and infrastructure funding.85% confidence ✓ EducationSupports EducationBill authorizes UNC to finance capital improvements and issue bonds, directly funding higher education infrastructure and expanding educational capacity.85% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · North Carolina · House Jun 3, 2026

HB 87: Educational Choice for Children Act (ECCA).

HB 87 (Educational Choice for Children Act) allows North Carolina to participate in a federal tax credit program that encourages donations to private scholarship organizations. The bill requires the State Education Assistance Authority to maintain and publish an annual list of qualifying scholarship groups operating in North Carolina, enabling donors to claim federal tax credits for contributions. These scholarships can cover elementary and secondary school costs, including homeschooling expenses, as permitted under federal law. The law becomes effective after 2026, with the Authority needing to establish necessary rules by July 2026 to comply with federal requirements.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnables federal tax credits for education donations, directly advancing tax credit mechanisms under tax policy.95% confidence ✓ EducationSupports EducationEnables tax-credit funded private scholarships for K-12, expanding educational access options beyond public schools per bill's purpose.95% confidence | Rep's Stance ✗ Voted No ✗ Opposes Budget & Taxes

passed · North Carolina · House May 22, 2026

HB 1042: Affordable Housing Exemption Modifications.

HB 1042 updates North Carolina's property tax exemptions for nonprofit organizations that provide housing for low- or moderate-income individuals. The bill clarifies that land held by nonprofits for future affordable housing projects can remain tax-exempt for up to five years, with unpaid taxes deferred until the project is completed or the land is no longer used for this purpose. Additionally, the legislation establishes a new specific exemption for affordable rental housing, defining it as developments where more than half the units are rented to tenants earning at or below 80% of the area median income. These changes aim to provide clearer tax incentives for nonprofits developing and operating affordable rental properties.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands property tax exemptions for affordable housing nonprofits, reducing tax burdens on essential low-income housing programs.90% confidence ✓ HousingSupports HousingBill extends property tax exemptions for nonprofits providing affordable housing, facilitating development and funding for low-income housing projects.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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signed · North Carolina · Senate May 21, 2026

SB 1080: Lower Taxes for All NC.

SB 1080 proposes a constitutional amendment to cap North Carolina's state income tax rate at a maximum of 3.5%. If approved by voters in the November 2026 election, this change would prevent the legislature from raising the income tax rate higher than that threshold in the future. The bill applies to taxable years beginning on or after January 1, 2027, and requires a majority vote in favor to become law.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill caps state income tax rate, providing tax relief and limiting future tax increases, which aligns with supporting budget/tax policies.95% confidence | Rep's Stance ✗ Voted No ✗ Opposes Budget & Taxes

passed · North Carolina · House May 18, 2026

HB 1019: Mike Clampitt 1st Responder Tax Fairness Act.

This bill, known as the Mike Clampitt 1st Responder Tax Fairness Act, aims to expand tax exemptions for volunteer fire departments and rescue squads in North Carolina. Specifically, it allows these independent groups, which have two or fewer paid employees and are already exempt from state income tax, to avoid paying a highway use tax on specific emergency vehicles like fire trucks, forest firefighting units, and other emergency service vehicles. The change applies to vehicles when a certificate of title is issued on or after July 1, 2026, ensuring these organizations can acquire necessary equipment without incurring this particular tax. By broadening the existing exemption, the legislation directly benefits volunteer responders who operate outside of local government units.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands tax exemptions for volunteer fire departments, providing fiscal relief and protecting essential emergency services funding.90% confidence ✓ TransportationSupports TransportationBill exempts emergency vehicles from highway use tax, reducing operational costs for fire and rescue services and supporting transportation infrastructure maintenance.85% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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