Bill to close property tax loophole advances in NC House committee

By: Greg Childress

Outlets: North Carolina Newsline

Published: May 13, 2026

Words: 602

Last Updated: 2 months ago

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The North Carolina House Finance Committee has signed off on a bill to close a property tax loophole for affordable housing that is costing local governments tens of millions of dollars each year.

Closing the loophole would increase local governments’ revenue by $22 million next fiscal year and $32.6 million by fiscal year 2030-31, according to estimates by the General Assembly’s Fiscal Research Division.

FRD, which provides lawmakers with nonpartisan fiscal expertise, shared the …

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