NC House advances property tax loophole and UNC system construction bills

By: Christine Zhu, Brandon Kingdollar

Outlets: North Carolina Newsline

Published: May 19, 2026

Words: 443

Last Updated: 2 months ago

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The North Carolina House voted unanimously Tuesday to advance a bill that closes a property tax loophole for affordable housing that’s 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.

Bill to close property tax loophole advances in NC House committee

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