North Carolina 2025 Session Status: In Committee 6 D cosponsors

SB 446 — Expand Workforce Housing.

Last action — Passed 1st Reading

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced March 24, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Stalled 26% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 6 sponsors

    0 primary, 6 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (6 D).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

12 added · 13 removed

Plain-language change summary

The latest revision of Senate Bill 446 includes some minor formatting corrections but does not change the substance of the bill. This means that the key provisions about the Housing Trust Fund and tax payment processes remain intact. Maintaining clarity and accuracy in legal texts is important because it ensures that everyone understands their obligations and the intentions of the law.

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FILED SENATE GENERAL ASSEMBLY OF NORTH CAROLINA Mar 24, 2025 S.B.
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2025 S 1 SENATE BILL 446 Short Title:
446 SESSION 2025 PRINCIPAL CLERK S D SENATE BILL DRS35129-NOa-44 Short Title:
A BILL TO BE ENTITLED AN ACT TO EXPAND WORKFORCE HOUSING BY PROVIDING CURRENT AND ONGOING FUNDING FOR THE HOUSING TRUST FUND.
Rules and Operations of the Senate March 25, 2025 A BILL TO BE ENTITLED AN ACT TO EXPAND WORKFORCE HOUSING BY PROVIDING CURRENT AND ONGOING FUNDING FOR THE HOUSING TRUST FUND.
and Whereas,NorthCarolina'sinvestmentintheHousingTrustFundhasdecreasednearly 68% over the last 10 years—from $21 million in the 2007 fiscal year to a low-water mark of $6.8 million in the 2015 fiscal year;
and Whereas,NorthCarolina'sinvestmentintheHousingTrust Fundhasdecreasednearly 68% over the last 10 years—from $21 million in the 2007 fiscal year to a low-water mark of $6.8 million in the 2015 fiscal year;
and *DRS35129-NOa-44* General Assembly Of North Carolina Session 2025 Whereas, this act would enact a one-time allocation to recapitalize the Housing Trust Fund and would provide recurring revenue sources to ensure a sustainable Fund that can be used to address the critical shortage of affordable housing in North Carolina;
and *S446-v-1* General Assembly Of North Carolina Session 2025 Whereas, this act would enact a one-time allocation to recapitalize the Housing Trust Fund and would provide recurring revenue sources to ensure a sustainable Fund that can be used to address the critical shortage of affordable housing in North Carolina;
The transferor must pay the tax to the register of deeds of the county in which the real estate is located before recording the instrument of conveyance.
The transferor must paythe tax to the register of deeds of the countyin which the real estate is located before recording the instrument of conveyance.
If the instrument transfers a parcel of real estate lying in two or more counties, however, the tax must be paid to the register of deeds of the county in which the greater part of the real estate with respect to value lies.
If the instrument transfers a parcel of real estate lyingin two or more counties, however, the tax must be paid to the register of deeds of the county in which the greater part of the real estate with respect to value lies.
The finance officer of each county must credit one-half of the proceeds to the county's general fund and remit the remaining one-half of the proceeds, less taxes refunded and the county's allowance for administrative expenses, to the Department of Revenueon amonthly basis.
The finance officer of each county must credit one-half of the proceeds to the county's general fund and remit the remaining one-half of the proceeds, less taxes refunded and the county's allowance for administrative expenses, to the Department of Revenueon amonthlybasis.
Acounty mayretaintwopercent (2%)oftheamount oftaxproceeds allocated for remittance to the Department of Revenue as compensation for the county's cost in collecting and remitting the State's share of the tax.
Acountymayretaintwopercent (2%)oftheamount oftax proceeds allocated for remittance to the Department of Revenue as compensation for the county's cost in collecting and remitting the State's share of the tax.
Page 2 DRS35129-NOa-44
Page 2 Senate Bill 446-First Edition
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Action History

  1. Passed 1st Reading

  2. Ref To Com On Rules and Operations of the Senate

  3. Filed

Sponsors

Sponsorship breakdown

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0 sponsors · 6 co-sponsors · 173 not signed on

Sponsors (0)

None.

Co-sponsors (6)

Not signed on (173)

173 members have not signed on to this bill.

Show all 173 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 446?
SB 446 is sponsored by Joyce Waddell (Democratic), Natalie S. Murdock (Democratic), Mujtaba A. Mohammed (Democratic), Julie Mayfield (Democratic), Michael Garrett (Democratic), and Lisa Grafstein (Democratic).
What is the current status of SB 446?
This bill is in committee in the Senate. Introduced March 24, 2025. It must pass committee before a floor vote.
Where can I track SB 446?
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