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NC Will Exempt Virus Payments For Property Exemption
By Jaqueline McCool
· 2021-04-28 12:27:17 -0400
North Carolina will exempt coronavirus relief payments from gross income in a determination of whether a taxpayer qualifies for the homestead exemption under a bill signed by the governor.
H.B. 279, which Democratic Gov. Roy Cooper signed Tuesday, will provide that federal payments, like those given as a part of the
Coronavirus Aid, Relief and Economic Security Act, 
will not be included in a resident's gross income in a calculation of whether the resident qualifies for the state's homestead property tax exemption.
The bill will also extend the deadline to request a refund, according to the bill summary.
The bill
was introduced March 15 by Rep. Julia Howard, R-Mocksville.
--Editing by John Oudens.
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