2023 Local Government Tax Law Changes

Provides a new subdivision (50) that creates an exclusion for fifty percent (50%) of the appraised value of real and personal property located at a qualifying airport that is customarily used for aviation purposes at the airport or for commercial activities typically located at and associated with airport activities.

(Effective for taxable years beginning on or after July 1, 2024; HB 259, s. 42.23.(a), S.L. 2023-134.)

Provides that income from the sale of honey is included within the meaning of gross income, for purposes of meeting the income requirement for participation in the Present-Use Value Program.

(Effective for taxable years beginning on or after July 1, 2023; SB 582, s. 1(a), S.L. 2023-63.)

(Repealed). Removes special classification for real property lying within a transportation corridor marked on an official map filed under Article 2E of Chapter 136 of the General Statutes.

(Effective April 3, 2023; SB 174, s. 4.1, S.L. 2023-12.)

Updates language in statute providing for appeal of Property Tax Commission decisions to the North Carolina Court of Appeals, in order to make the language conform to the North Carolina Rules of Appellate Procedure.

(Effective June 23, 2023; SB 327, s.11, S.L. 2023-54.)

Updates language in statute providing for the review on appeal, by the North Carolina Court of Appeals, of Property Tax Commission decisions, in order to make the language conform to the North Carolina Rules of Appellate Procedure.

(Effective June 23, 2023; SB 327, s.12, S.L. 2023-54.)