A BILL TO BE ENTITLED
AN ACT to modify the definition of income for purposes of determining eligibility for the property tax homestead exclusion.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 105‑277.1(b)(1a) reads as rewritten:
"(b)	Definitions. – The following definitions apply in this section:
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(1a)	Income. – Adjusted gross income, as defined in section 62 of the Code, plus all other moneys received from every source other than gifts or inheritances received from a spouse, lineal ancestor, or lineal descendant. For married applicants residing with their spouses, the income of both spouses must be included, whether or not the property is in both names.
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SECTION 2.  This act is effective for taxes imposed for taxable years beginning on or after July 1, 2009.