Amends GS Chapter 1 by creating a new section GS 1-635 (Standing to challenge unlawful taxation or expenditure; remedies), establishing that an individual or corporation that pays taxes to a taxing jurisdiction of this State has standing to sue the jurisdiction on the grounds that it has violated a constitutional provision or statute by the misuse or misappropriation of public funds or allowance of unlawful tax exemptions, deductions, or credits. Provides that plaintiffs can seek any appropriate equitable remedy, including injunctive or declaratory relief, as well as a return of any of the misused funds.  Effective October 1, 2013.

Amends GS 105-241.17 and GS 105-241.19, making a conforming change.