Establishes a homebuyers' assistance program for first-time homebuyers employed as public servants and allows an income tax credit for volunteer.
This bill creates a homebuyers' assistance program through the North Carolina Housing Finance Agency, providing aid to first-time homebuyers who are public servants. It also allows an income tax credit for volunteer firefighters and rescue squad workers for unreimbursed business expenses. The credit is limited to $5,000 per taxpayer per year. The program becomes effective July 1, 2025.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.