Bill Summary for S 131 (2025-2026)
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Summary date:
Feb 21 2025
Bill Information:
| View NCGA Bill Details | 2025-2026 Session |
AN ACT TO TEMPORARILY MODIFY BUNCOMBE COUNTY'S USE OF ONE-HALF OF ARTICLE 39 LOCAL SALES AND USE TAX PROCEEDS TO INCLUDE BOTH SCHOOL CAPITAL OUTLAY AND SCHOOL OPERATING EXPENSES AND TO MAKE TECHNICAL CHANGES TO THE BUNCOMBE SCHOOL CAPITAL FUND COMMISSION.Intro. by Moffitt, Mayfield, Daniel.
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Bill summary
Permits Buncombe County, notwithstanding any provision of law to the contrary, to use the net proceeds allocated to it by the Secretary of Revenue under Article 39 of GS Chapter 105 (the first half-cent of the local government sales and use tax) for any public purpose. Applies to net proceeds allocated to Buncombe County by the Secretary of Revenue under Article 39 of GS Chapter 105 that occur on or after July 1, 2025, and until June 30, 2027.