Repeals Article 2D of Subchapter 1 of GS Chapter 105, which levied an excise tax on controlled substances, illicit spirituous liquor, mash, and illicit mixed beverages.

Specifies that this repeal does not affect the rights or liabilities of the state, a taxpayer, or another person arising under a statute amended or repealed by this act before the effective date of its amendment or repeal; nor does it affect the right to any refund or credit of a tax that accrued under the amended or repealed statute before the effective date of its amendment or repeal.