27 Jan '17, 6pm

North Carolina has one of the nation's largest veteran populations

North Carolina has one of the nation's largest veteran populations

A North Carolina legislator has filed a bill that could provide millions of dollars of tax relief to the state's disabled veterans. Rep. Nelson Dollar, a Wake County Republican, introduced the bill Wednesday with cosponsors Reps. Jason Saine of Lincoln County, Jon Hardister of Guilford County and Rena Turner of Iredell County. If approved by the General Assembly, the bill would increase the homestead exemption for North Carolina veterans who have a "permanent and total" service-connected disability rating of 100 percent from the U.S. Department of Veterans Affairs. Currently, such veterans do not pay taxes on the first $45,000 of the assessed value of their homes. Dollar said he wants to increase that exemption to cover the full value of the home, meaning disabled veterans would no longer have to pay taxes on their homes. Dollar's bill also would extend the exemption to th...

Full article: http://www.stripes.com/news/veterans/bill-could-provide-t...

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