Exempts qualifying child care facilities from property tax in North Carolina.

The bill proposes to amend North Carolina's General Statutes to exempt qualifying child care facilities from property tax. A qualifying facility is one that is properly licensed and used exclusively for child care. If part of a facility is used for child care, only that part is exempt. Facilities on probation or with suspended or revoked licenses are not exempt. The exemption applies to taxes for taxable years beginning on or after July 1, 2026.

Exempts qualifying child care facilities from property tax in North Carolina.

The bill proposes to amend North Carolina's General Statutes to exempt qualifying child care facilities from property tax. A qualifying facility is one that is properly licensed and used exclusively for child care. If part of a facility is used for child care, only that part is exempt. Facilities on probation or with suspended or revoked licenses are not exempt. The exemption applies to taxes for taxable years beginning on or after July 1, 2026.