Reenacts GS 105-164.14(c)(2b) and (2c) as the subsubsections existed immediately before their repeal by SL 2005-276, effective July 1, 2005. Subsubsection (2b) and (2c) list local school administrative units and joint agencies created by interlocal agreement among local school administrative units to jointly purchase food service-related materials, supplies, and equipment on their behalf as identified governmental entities allowed an annual refund on taxes paid on direct purchases as described in subsection (c).

Repeals the provisions of GS 105-467(b) pertaining to tax refunds allowed for direct purchases of tangible personal property and services by local school administrative units and joint agencies created by interlocal agreement among units that jointly purchase food service related materials, supplies, and equipment on their behalf.

Repeals GS 105-164.44H, which provides for a quarterly transfer of a specified amount of the sales and use tax collected by the Department of Revenue to the State Public School Fund. Directs the Director of Budget to adjust the State Public School Fund accordingly. Appropriates to the State Public School Fund a recurring amount equal to the amount of this adjustment.

Effective July 1, 2025, and applies to sales made on or after that date.