Amends GS 105-130.3 to set the income tax on all C Corporations at 4.9%. Effective for taxable years beginning on or after January 1, 2013.

Amends GS 115C-546.1 to change the amount remitted to the Public School Building Capital Fund each quarter to 5/49 of the net collections. Effective July 1, 2013, and applies to the quarter ending September 30, 2013.