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H539 • 2025

Revenue Neutral Rate Required.

Revenue Neutral Rate Required.

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Blust, Humphrey
Last action
2025-03-27
Official status
Ref to the Com on State and Local Government, if favorable, Finance, if favorable, Rules, Calendar, and Operations of the House
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Revenue Neutral Rate Required.

Revenue Neutral Rate Required.

What This Bill Does

  • Revenue Neutral Rate Required.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2025-03-27 House

    Ref to the Com on State and Local Government, if favorable, Finance, if favorable, Rules, Calendar, and Operations of the House

  2. 2025-03-27 House

    Passed 1st Reading

  3. 2025-03-26 House

    Filed

Official Summary Text

Revenue Neutral Rate Required.

Current Bill Text

Read the full stored bill text 
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2025
H 1
HOUSE BILL 539

Short Title: Revenue Neutral Rate Required. (Public)
Sponsors: Representative Blust.
For a complete list of sponsors, refer to the North Carolina General Assembly web site.
Referred to: State and Local Government, if favorable, Finance, if favorable, Rules, Calendar,
and Operations of the House
March 27, 2025
*H539-v-1*
A BILL TO BE ENTITLED 1
AN ACT TO REQUIRE UN ITS OF LOCAL GOVERNM ENT TO ADOPT A REVEN UE 2
NEUTRAL TAX RATE IN THE YEAR OF A GENERAL REAPPRAISAL. 3
The General Assembly of North Carolina enacts: 4
SECTION 1. G.S. 159-13 reads as rewritten: 5
"§ 159-13. The budget ordinance; form, adoption, limitations, tax levy, filing. 6
… 7
(c) The budget ordinance of a local government shall levy taxes on property at rates that 8
will produce the revenue necessary to balance appropriations and revenues, after taking into 9
account the estimated percentage of the levy that will not be collected during the fiscal year. The 10
budget ordinance of a public authority shall be balanced so that appropriations do not exceed 11
revenues. 12
(c1) For every year in which a general reappraisal of real property has been conducted in 13
a local government, the budget ordinance of that local government shall levy taxes on property 14
for that year at the revenue-neutral tax rate set out in G.S. 159-11(e). 15
…." 16
SECTION 2. This act is effective when it becomes law and applies to budget 17
ordinances passed on or after that date. 18