Amends GS 105-275(45) by changing the property tax exclusion for solar energy electric systems from 80% of their appraised value to 60%.  Directs that tax proceeds resulting from this amendment be used for public education and community college purposes enumerated in new subsection (b1) of GS 153A-149.   

Amends GS 153A-149 by adding a new subsection (b1) requiring counties to use 50% of the tax proceeds collected under GS 105-275(45) for public education and community college: (1) construction, renovations, and repairs; (2) maintenance; and (3) associated debt service.  

Effective July 1, 2019, and applies to taxes imposed for taxable years beginning on or after that date.