North Carolina H728 provides property tax exemptions for disabled veterans and their surviving spouses, and establishes a grant program for.

North Carolina H728, the Shared Investment in Our Heroes Act, introduces several measures to support disabled veterans. It provides a property tax homestead exclusion for disabled veterans and their surviving spouses, with the exemption amount gradually increasing over time. Additionally, it exempts the primary motor vehicle of a 100% disabled veteran from property taxes. The act also establishes a reimbursement model to ensure local governments are financially stable by compensating them for a percentage of their revenue losses due to these tax exclusions.

North Carolina H728 provides property tax exemptions for disabled veterans and their surviving spouses, and establishes a grant program for.

North Carolina H728, the Shared Investment in Our Heroes Act, introduces several measures to support disabled veterans. It provides a property tax homestead exclusion for disabled veterans and their surviving spouses, with the exemption amount gradually increasing over time. Additionally, it exempts the primary motor vehicle of a 100% disabled veteran from property taxes. The act also establishes a reimbursement model to ensure local governments are financially stable by compensating them for a percentage of their revenue losses due to these tax exclusions.