2021 Local Government Tax Law Changes

105-275(8) – amended the statutes by adding a new sub-subdivision to read "a2. Notwithstanding sub-subdivision a. of this subdivision applies to a farm digester system as defined in G.S. 143-213(12a). "

(Effective July 2, 2021; SB 605; s. 11(h), S.L. 2021-78)

105-275(44a) – Creates an exclusion from the tax base for vaccines.

(Effective July 1, 2022; SB 105; s. 42.12(c), S.L. 2021-180)

105-277.02(a)) – Adds townhouses to “residential real property” that is designated a special class of property under authority of Article V.

(Effective July 1, 2022; HB 273; s.1, S.L. 2021-113)

105- 277.1(b) – Adds provision to clarify that income from Extra Credit Grants and COVID-19 Recovery Rebates are not considered income when determining a person’s eligibility under the elderly and disabled property tax homestead exclusion and property tax homestead circuit breaker.

(Effective April 27, 2021; HB 279; s. 1.1, S.L. 2021-16)

105-278(a) – Amends statute to include properties designated as historic landmarks under either G.S. 160D-945 or former G.S. 160A-400.5, the latter of which was previously repealed and replaced by G.S. 160D-945.

(Effective retroactively to June 19, 2020; SB 105; s. 42.13F.(a), S.L. 2021-180)

105-278.2(a) – Creates an exemption for “Real property set apart for burial purposes …that is owned and held for purposes of (i) sale or rental or (ii) sale of burial rights.” Also categorizes such property as “Commercial Property,” distinguishing it from burial property that is not held for these purposes (now categorized as “Other Property”). A single application is required for the Commercial Property category.

105-278.2(b) – Creates the “Other Property” category of burial property that has previously been, and remains, exempted, with no application or survey required.

105-278.2(c) – Separates terms “real property” and “burial” into a new subdivision. The definitions remain unchanged.

(Effective July 1, 2022; SB 105; s. 42.12.(a), S.L. 2021-180)