Housing

This bill proposes a constitutional amendment that would require the North Carolina legislature to establish a statewide limit on how much local property tax levies can increase each year. The measure also mandates that any local government wanting to raise property taxes beyond this limit must first obtain approval from a majority of voters in that specific area. Because this change alters the state constitution, it will not take effect immediately but will instead be placed on the November 3, 2026, ballot for voters to decide whether to adopt. If approved by the public, the amendment would legally bind the General Assembly to create the specific tax increase caps mentioned in the text.

HB 737 eliminates mandatory 20-hour training courses for insurance producers (agents/brokers) seeking licensure in North Carolina, replacing this requirement with a competency-based assessment. The bill also clarifies rules on insurance referral fees, updates capital calculation standards for the Department of Insurance, and restricts residential leases from requiring renters insurance. Additional provisions include adjustments to Medicare supplement licensing, continuous coverage rules for drivers with surcharges, and streamlined processes for multi-dealer registration. These changes directly affect insurance professionals, insurers, and consumers through modified licensing, coverage, and fee structures.

HB 126 requires state and local agencies to seek input from agricultural advisory boards before condemning or rezoning farmland within voluntary agricultural districts. It mandates that agencies request public hearings on such proposals, giving boards 45 days to review and submit recommendations. Agencies cannot proceed with condemnation or rezoning actions while the board is processing the request, extending the timeline to 120 days after the board submits its findings. The bill directly affects landowners in these districts and agencies making land use decisions, effective October 1, 2025.