North Carolina legislation · 2025-2026 Session
North Carolina H1042: Affordable Housing Exemption Mods.
Status: In committee, May 22, 2026
What the bill says
An act to update and modify the nonprofit low- or moderate-income housing property tax exemption.
From the introduced text:
A BILL TO BE ENTITLED AN ACT TO UPDATE AND MODIFY THE NONPROFIT LOW- OR MODERATE-INCOME HOUSING PROPERTY TAX EXEMPTION. The General Assembly of North Carolina enacts: SECTION 1. G.S. 105-278.6 reads as rewritten: "§ 105-278.6. Real and personal property used for charitable purposes.purposes by certain entities. (a) Real and personal property owned by:by an entity listed in this subsection is exempt from taxation if (i) as to real property, it is actually and exclusively occupied and used and, as to personal property, it is entirely and completely used by the owner for a charitable purpose; and (ii) the owner is not organized or operated for profit. The entities organization. (2) A home for the aged, sick, or infirm;infirm. (3) An orphanage or similar home;home. (4) A Society for the Prevention of Cruelty to Animals;Animals. (5) A reformatory or correctional institution;institution. (6) A monastery, convent, or nunnery;nunnery. (7) A nonprofit, life-saving, first aid, or rescue squad organization;organization. (8) A nonprofit organization providing housing for individuals or families with low or moderate incomesincomes, other than rental housing. This subdivision does not apply to rental housing, which must qualify under G.S. 105-278.7A to be eligible for an exemption. shall be exempted from taxation if: (i) As to real property, it is actually and exclusively occupied and used, and as to personal property, …
Sponsors
- Paré, Erin (R, 37) · primary sponsor
- Howard, Julia C. (R, 77) · primary sponsor
- Setzer, Mitchell S. (R, 89) · primary sponsor
- Schietzelt, Mike (R, 35) · primary sponsor
- Branson, Jerry (R, 59)
- Cairns, Celeste C. (R, 13)
- Echevarria, Brian (R, 82)
- McNeely, Jeffrey C. (R, 84)
- Riddell, Dennis (R, 64)
- Ward, Bill (R, 5)
Latest actions
- : Ref To Com On Rules and Operations of the Senate
- : Passed 1st Reading
- : Regular Message Received From House
- : Regular Message Sent To Senate
- : Passed 3rd Reading
- : Passed 2nd Reading
- : Added to Calendar
- : Cal Pursuant Rule 36(b)
- : Reptd Fav Com Sub 2
- : Re-ref Com On Rules, Calendar, and Operations of the House
Votes
- Affordable Housing Exemption Modifications. Third Reading (May 20, 2026): 119 yea, 0 nay, passed
- Affordable Housing Exemption Mods. Second Reading (May 19, 2026): 119 yea, 0 nay, passed
Subjects: PROPERTY, CORPORATIONS, NONPROFIT, TAX EXEMPTIONS, TAXES, PROPERTY, REAL ESTATE, PUBLIC, HOUSING, TAXES, CORPORATE INCOME
Common questions
- What is H1042?
- H1042 is a bill in the North Carolina Legislature (2025-2026 Session): Affordable Housing Exemption Mods.
- What does H1042 do?
- In its own words: An act to update and modify the nonprofit low- or moderate-income housing property tax exemption.
- What is the status of H1042?
- In committee as of May 22, 2026. Latest action: Ref To Com On Rules and Operations of the Senate (May 22, 2026).
- Who sponsored H1042?
- Paré, Erin (R, 37), with 9 co-sponsors.
- Where is the official record for H1042?
- On the North Carolina Legislature website: https://www.ncleg.gov/BillLookUp/2025/H1042
Source: official North Carolina record. Tracked by Delilah, AI for legislation across all 50 states and Congress.