Rep. Deb Butler (right) comments on bill during a House Finance Committee meeting on Sept. 23. (Photo: Screenshot of committee meeting)
A bill to increase the state’s disabled veteran property tax homestead exclusion amount received a favorable hearing Tuesday in the House Finance Committee.
Under House Bill 118, the first $61,000 of appraised value of a disabled veterans residence would be excluded from taxation. Currently, the first $45,000 is excluded. Surviving spouses may continue to use the benefit under HB 118 unless they remarry.
The committee endorsed a preferred committee substitute with a provision to reimburse local governments 50% of tax dollars lost due to the higher homestead exclusion amount. The bill was referred to the House Rules Committee.
Earlier this year, county and municipal leaders had expressed concern that further lowering tax bills for disabled veterans would make it difficult to provide services county wide.
Brent Lucas, a staffer in the NC General Assembly’s Fiscal Research Division, said Cumberland County and Onslow County, which are home to two large military installations, Ft. Bragg and Camp Lejeune respectively, would feel the impact of the tax breaks the most. Wake, Guilford, Mecklenberg and Harnett counties would also be impacted, Lucas said.
State Rep. Deb Butler, D-New Hanover, said the number of disabled veterans in North Carolina has grown from 45,000 to 75,000 the past five years.
“I’m supportive of the bill but I do think that we need to be careful, particularly right now when we have some unmet needs in this state,” Butler said. “Obviously we want to support our veterans but I do have that cautionary observation for us.”
State Rep. Grant Campbell, R-Kannapolis, one of the bill’s sponsors, said even with the higher exemption, North Carolina remains “significantly behind” neighboring states in tax relief for disabled veterans.
“We’re still on the lower end of that but I take your point,” Campbell said in response to Butler’s remarks.
An eligible veterans must satisfy at least one of the following requirements:
Have a service-connected total and permanent disability that has been certified by the United States Department of Veterans Affairs or another federal agency agency. Has previously received benefits under the section of the United States Code that authorizes the Secretary of Veterans Affairs to assist disabled veterans with acquiring special fixtures or movable facilities to accommodate their disability, which could include land for housing. The veteran has died and the United States Department of Veterans Affairs or another federal agency has certified that, as of Jan.1 preceding the taxable year for which the exclusion is claimed, the veteran’s death was the result of a service-connected condition.Hence then, the article about bill to provide tax relief to disabled veterans moves forward in the house was published today ( ) and is available on NC news line ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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