A BILL TO BE ENTITLED
AN ACT to increase the disabled veteran property tax homestead exclusion.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 105‑277.1C(a) reads as rewritten:
"(a)	Exclusion. – A permanent residence owned and occupied by an owner who is a North Carolina resident and who is an honorably discharged disabled veteran or the unmarried surviving spouse of an honorably discharged disabled veteran is designated a special class of property under Article V, Section 2(2) of the North Carolina Constitution and is taxable in accordance with this section. The first sixty‑five thousand dollars ($65,000) of appraised value of the residence is excluded from taxation. An owner who receives an exclusion under this section may not receive other property tax relief."
SECTION 2.  This act is effective for taxable years beginning on or after July 1, 2011.