North Carolina legislation · 2025-2026 Session
North Carolina S992: Truth in Taxation.
Status: Introduced, July 1, 2026
What the bill says
An act to implement truth in taxation procedures when a governing body of a taxing unit intends to adopt a tax rate exceeding the revenue-neutral tax rate in any year a general reappraisal is conducted and to increase the fee for reinstating an expired real estate appraiser trainee registration, license, or certificate.
From the amended text:
A BILL TO BE ENTITLED AN ACT TO IMPLEMENT TRUTH IN TAXATION PROCEDURES WHEN A GOVERNING BODY OF A TAXING UNIT INTENDS TO ADOPT A TAX RATE EXCEEDING THE REVENUE-NEUTRAL TAX RATE IN ANY YEAR A GENERAL REAPPRAISAL IS CONDUCTED AND TO INCREASE THE FEE FOR REINSTATING AN EXPIRED REAL ESTATE APPRAISER TRAINEE REGISTRATION, LICENSE, OR CERTIFICATE. The General Assembly of North Carolina enacts: SECTION 1.(a) G.S. 159-13(b) is amended by adding a new subdivision to read: "(7a) In the year in which a general reappraisal of real property has been conducted, the governing board shall follow the procedure required under G.S. 159-13.3 in order to adopt a property tax rate exceeding the revenue-neutral property tax rate determined under G.S. 159-11(e)." SECTION 1.(b) Chapter 159 of the General Statutes is amended by adding a new section to read: "§ 159-13.3. Adoption of tax rate exceeding revenue-neutral tax rate. (a) Rate Prohibition. - In each year in which a general reappraisal of property is conducted, the governing body of a taxing jurisdiction may not adopt a property tax rate exceeding the revenue-neutral tax rate determined under G.S. 159-11(e) unless a resolution or ordinance has been approved by the governing body as provided under this section. (b) General Notice of Intent. - The governing body shall publish notice of its intent to …
Sponsors
- Ford, Carl (R, 33) · primary sponsor
- Newton, Buck (R, 4) · primary sponsor
- McInnis, Tom (R, 21) · primary sponsor
- Daniel, Warren (R, 46)
- Galey, Amy S. (R, 25)
- Lazzara, Michael A. (R, 6)
- Measmer, Chris (R, 34)
- Moffitt, Timothy D. (R, 48)
- Overcash, Brad (R, 43)
- Sanderson, Norman W. (R, 2)
- Sawrey, Benton G. (R, 10)
- Sawyer, Vickie (R, 37)
Latest actions
- : Re-ref Com On Rules, Calendar, and Operations of the House
- : Withdrawn From Cal
- : Placed On Cal For 07/01/2026
- : Withdrawn From Cal
- : Added to Calendar
- : Cal Pursuant Rule 36(b)
- : Re-ref Com On Rules, Calendar, and Operations of the House
- : Reptd Fav
- : Ref to the Com on Finance, if favorable, Rules, Calendar, and Operations of the House
- : Passed 1st Reading
Votes
- Truth in Taxation. Second Reading (June 24, 2026): 38 yea, 4 nay, passed
- Truth in Taxation. Amendment 2 Motion 1 To Table (June 24, 2026): 26 yea, 16 nay, passed
- Truth in Taxation. Amendment 1 (June 24, 2026): 42 yea, 0 nay, passed
Subjects: PROPERTY, DEEDS, TAXES, PROPERTY, LOCAL GOVERNMENT, REAL ESTATE, PUBLIC, APPRAISALS, TAXATION
Common questions
- What is S992?
- S992 is a bill in the North Carolina Legislature (2025-2026 Session): Truth in Taxation.
- What does S992 do?
- In its own words: An act to implement truth in taxation procedures when a governing body of a taxing unit intends to adopt a tax rate exceeding the revenue-neutral tax rate in any year a general reappraisal is conducted and to increase the fee for reinstating an expired real estate appraiser trainee registration, license, or certificate.
- What is the status of S992?
- Introduced as of July 1, 2026. Latest action: Re-ref Com On Rules, Calendar, and Operations of the House (July 1, 2026).
- Who sponsored S992?
- Ford, Carl (R, 33), with 11 co-sponsors.
- Where is the official record for S992?
- On the North Carolina Legislature website: https://www.ncleg.gov/BillLookUp/2025/S992
Source: official North Carolina record. Tracked by Delilah, AI for legislation across all 50 states and Congress.