Amends GS 115C-12(9)c1. requiring the annual "report card" to include measures of Advanced Placement and International Baccalaureate Diploma Programme participation and Advanced Placement and International Baccalaureate examination participation and performance.

Enacts new GS 115C-83.4A expanding accessibility to advanced courses and encouraging students to take advanced courses by offering various incentives. Exempts public school students from paying exam administration fees for advanced courses and registration fees in which the student is enrolled, regardless of exam score. Awards bonuses to teachers of Advanced Placement Courses for students who earn scores of three or higher on the AP exams and for teachers of International Baccalaureate Diploma Programme courses who score four or higher on the exams. Requires local boards of education to provide information to students and parents on advanced courses and to ensure that high school students have access to advanced courses in language arts, math, science, and social studies. Requires the State Board of Education to seek partners to assist in improving college readiness and to assist in ensuring students have access to high quality rigorous academics with a focus on access to advanced courses; specifies actions to be taken by the partnership.

Amends GS 115C-174.18, changing "Preliminary Scholastic Aptitude Test" to "Preliminary SAT/National Merit Scholarship Qualifying Test (PSAT/NMSQT)."

Appropriates $14,760,609 for 2013-14 and $15,802,800 for 2014-15 from the General Fund to the Department of Public Instruction. Specifies how the funds are to be used.

Requires the State Board of Education to report annually to the Joint Legislative Education Oversight Committee, beginning July 1, 2014, on advanced courses.

Effective July 1, 2013, and applies beginning with the 2013-14 school year.