Budget & Taxes

in committee · North Carolina · House Apr 28, 2026

HB 1052: Cure Violence Program Grant.

HB 1052 allocates $1 million from the state's General Fund to Forsyth County in the Triad region for the 2026-2027 fiscal year. These nonrecurring funds are designated as a directed grant specifically for the Cure Violence Program, which aims to reduce violence in the area. The legislation becomes effective on July 1, 2026, and does not alter existing laws but provides new financial resources for this specific initiative.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates $1M from General Fund to fund the Cure Violence Program, directly increasing resources for public safety.95% confidence ✓ Criminal JusticeSupports Criminal JusticeBill allocates funding to the Cure Violence Program, a proven initiative to reduce violence and improve community safety, directly supporting criminal justice reform goals.95% confidence

Sub-Topics Appropriations State Budget

Track

died · North Carolina · Senate May 5, 2026

SB 1070: Restore the American Dream.

This bill aims to expand affordable housing in North Carolina by providing both immediate funding and a new revenue stream for the state's Housing Trust Fund. It allocates $30 million in one-time funds for the 2026-2027 fiscal year and establishes a permanent fee on real estate transfer documents, directing a portion of those proceeds to the fund. The legislation directly affects North Carolina residents by increasing resources available to create and preserve safe, affordable housing options, while also impacting real estate transactions through a new tax mechanism. By addressing a significant shortage of affordable units, the bill seeks to support families and stabilize the local economy through improved housing access.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates $30M and creates a new revenue stream to fund affordable housing, directly advancing state budget and taxation for public benefit.95% confidence ✓ HousingSupports HousingBill allocates $30M and creates a permanent fee to fund the Housing Trust Fund, directly expanding affordable housing resources.95% confidence

Sub-Topics Affordable Housing Housing Finance

Track

in committee · North Carolina · House Apr 29, 2026

HB 1071: Supplemental Nutrition Assistance Program Funding in Response to H.R. 1.

This bill appropriates $85 million in state funds to cover administrative cost losses for the Supplemental Nutrition Assistance Program (SNAP) in North Carolina, which result from a federal law reducing federal funding. The money is split between the state Department of Health and Human Services and the county-level Division of Social Services, with funds distributed to counties based on their specific financial losses. These allocations are strictly limited to the actual amount of lost federal receipts and will become available starting in the 2026-2027 fiscal year.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill appropriates $85M to fund SNAP administrative costs, protecting essential nutrition services and preventing program defunding.95% confidence

Track

in committee · North Carolina · House May 4, 2026

HB 1146: 2026 Governor's Budget.

HB 1146 establishes the 2026 Governor's Budget for North Carolina by allocating specific funding amounts to state departments, institutions, and agencies for the 2025-2027 fiscal biennium. The bill directly affects public education, health and human services, agriculture, justice, and general government entities by setting their operational budgets for the upcoming fiscal year. Key provisions include detailed dollar amounts for various programs, such as funding for public instruction, university operations, and health services, while also allowing for savings to revert to the state fund if not fully utilized. This legislation provides the financial framework necessary for state agencies to carry out their mandated duties and services during the specified period.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes the 2026 Governor's Budget, explicitly allocating funding to state departments and agencies, thereby advancing and funding the budget topic.95% confidence ✓ EducationSupports EducationBill establishes the 2026 Governor's Budget, explicitly allocating specific funding amounts to state departments including public education and higher education institutions.95% confidence ✓ TransportationSupports TransportationBill allocates funding to the Transportation Department and Highway Fund, indicating financial support for transportation infrastructure and operations.85% confidence

Sub-Topics Appropriations Government Spending State Budget Higher Education

Track

died · North Carolina · Senate May 6, 2026

SB 1055: Carolina Housing Promise Act.

The Carolina Housing Promise Act aims to improve housing affordability and accessibility across North Carolina by empowering the state's Housing Finance Agency to issue up to $18 billion in bonds for residential projects. A key provision increases an existing excise tax on real estate transfers, directing half of the new revenue to fund a new Housing Innovation Office within the agency. This office will utilize the funds to support the construction and maintenance of affordable homes, develop innovative funding models, and provide technical assistance for housing solutions. The bill also updates the legal authority for the agency to issue various types of debt instruments to finance these housing initiatives.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases funding for affordable housing via new bonds and directs excise tax revenue to a new office, advancing state budget goals for essential services.90% confidence ✓ HousingSupports HousingBill allocates $18B in bonds and funds a new office to construct affordable homes and improve housing accessibility.95% confidence

Sub-Topics Sales Tax Affordable Housing Housing Finance

Track

died · North Carolina · Senate May 5, 2026

SB 1017: Justice for Storm Chantal Survivors Act.

This bill establishes a Tropical Storm Chantal Mitigation Fund within North Carolina's Division of Emergency Management to assist homeowners in seven specific counties affected by the storm. The fund will provide financial support for buying out homes, relocating residents, or repairing and rebuilding properties, with each person eligible to receive up to $500,000. A total of $25 million is allocated from the state's general fund for these purposes, with unused money returning to a disaster relief fund by June 2028. The legislation is scheduled to take effect on July 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates $25M from state general fund to assist storm survivors, directly funding emergency services and public safety programs.95% confidence

Sub-Topics State Budget

Track

signed · North Carolina · Senate May 21, 2026

SB 1080: Lower Taxes for All NC.

SB 1080 proposes a constitutional amendment to cap North Carolina's state income tax rate at a maximum of 3.5%. If approved by voters in the November 2026 election, this change would prevent the legislature from raising the income tax rate higher than that threshold in the future. The bill applies to taxable years beginning on or after January 1, 2027, and requires a majority vote in favor to become law.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill caps state income tax rate, providing tax relief and limiting future tax increases, which aligns with supporting budget/tax policies.95% confidence

Sub-Topics Business Taxes Income Tax

in committee · North Carolina · Senate Apr 22, 2026

SB 795: Modify Taxation of 1031 Exchanges.

This bill modifies how North Carolina taxes gains from 1031 exchanges, which allow property owners to swap real estate without immediately paying capital gains taxes. Under the new rules, taxpayers can deduct from their state taxable income any profit from such a swap that is classified as "non-like-kind" property, but only up to the amount of the original property's value. These changes apply to individuals or businesses participating in real estate exchanges starting with tax years beginning on or after January 1, 2026. The legislation aims to align state tax calculations with specific federal provisions regarding deferred exchanges.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill modifies tax rules to allow deductions for non-like-kind property gains, providing tax relief and encouraging real estate investment.85% confidence

Track

died · North Carolina · Senate Apr 23, 2026

SB 802: Agency Vacant Property.

This bill directs the North Carolina Department of Administration to create a comprehensive system for managing, cataloging, and disposing of vacant state-owned property. It requires the department to maintain detailed databases of all state buildings and land, including information on occupancy, condition, operating costs, and potential liability. Additionally, the legislation mandates the development of a five-year strategic plan to maximize facility use and reduce costs, along with specific rules to identify and sell surplus properties that no longer serve state missions. These changes primarily affect state agencies by establishing clearer procedures for space allocation and the removal of unused assets from the state portfolio.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill mandates cost reduction and efficiency in state property management, promoting fiscal responsibility and reducing government spending.85% confidence

Track

in committee · North Carolina · Senate Apr 29, 2026

SB 877: Repeal Service Tax.

This bill proposes to eliminate the service tax in North Carolina, which currently applies to various repair, maintenance, and installation fees. By repealing this tax, the legislation directly affects businesses that provide these services and the consumers who pay for them. The bill also includes specific changes to how taxes are calculated for bundled transactions and services related to real property, such as home renovations. These adjustments aim to clarify tax rules for contractors and ensure that services are taxed consistently with other sales.

Topics ✓ Budget & TaxesSupports Budget & TaxesRepealing a service tax reduces the tax burden on businesses and consumers, providing direct tax relief and lowering costs for essential services like home repairs.90% confidence

Sub-Topics Business Taxes Sales Tax

Track