Part I.

Establishes the Contaminated Parks Remedial Account (CoPRA) in GS 130A-295.9. Directs that 67.67% proceeds of the solid waste disposal tax credited to the Inactive Hazardous Sites Cleanup Fund (Fund) should be credited to the new CoPRA, with the remaining 33.33% used by the Department of Environmental Quality (DEQ) to fund the assessment and remediation of pre-1983 landfills, as described, including the portion of that amount allocated for administrative expenses. (Currently, 100% of tax credited to the Fund is intended for DEQ’s funding related to pre-1983 landfills.) Mandates that DEQ establish CoPRA as a separate account within the Fund and to use the account to fund assessment and remediation of pre-1983 landfills or other inactive hazardous sites that impair the use of a public park owned by a local government. Requires match by local government unit that owns or operates the park of $1 provided by the local government unit for every $4 provided from CoPRA. Makes conforming changes to statute title. Makes organizational changes.

Part II.

Amends GS 105-187.61, concerning the excise taxes on both the disposal and transfer of municipal solid waste and construction and demolition debris, raising both tax rates from $2 to $4 per ton of waste.

Amends GS 105-187.63 requiring the Secretary of the Department of Revenue (Secretary) to credit or distribute taxes received pursuant to Article 5G of GS Chapter 105, less the cost of collection, on a quarterly basis as follows:

• 75% (was, 50%) to the Fund to be used as set forth in Part I of the Act;
• 18.75% (was, 37.5%) to cities and counties on a per capita basis with ½ distributed to cities and ½ to counties; and
• 6.25% (was, 12.5%) to the General Fund.

Amends GS 105-130.3 by changing the tax percentage of the tax imposed on the State net income of every C Corporation doing business in NC: from 2% to 2.5% in taxable years beginning in 2026, from 1% to 1.5% in taxable years beginning in 2028, and from 0% to 0.5% in taxable years beginning in after 2029.

Enacts GS 105-13.3D requiring the Secretary to credit or distribute a portion of the taxes received pursuant to GS 105-130.3, less the cost of collection, to the CoPRA on a quarterly basis as follows: in taxable years beginning in 2026, 25%; in taxable years beginning in 2028, 33.33%; and in taxable years beginning after 2029, 100%.

Effective for taxable years beginning on or after January 1, 2026.

Part III.

Effective July 1, 2026, except as otherwise provided.