Bill Summary for H 305 (2025-2026)
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Summary date:
Jun 17 2025
Bill Information:
| View NCGA Bill Details(link is external) | 2025-2026 Session |
AN ACT APPLICABLE TO GUILFORD COUNTY ONLY THAT (1) PROMOTES FAIRNESS IN SALES TAX DISTRIBUTIONS BY ALLOWING MUNICIPALITIES THAT DO NOT LEVY AD VALOREM TAXES TO RECEIVE A PERCENTAGE OF LOCAL GOVERNMENT SALES AND USE TAX DISTRIBUTIONS; (2) MODIFIES THE BALLOT QUESTION FOR A REFERENDUM REGARDING THE LEVY OF THE ARTICLE 46 QUARTER-CENT SALES AND USE TAX; (3) SPECIFIES THE USES OF THE ARTICLE 46 TAX PROCEEDS; AND (4) DISTRIBUTES A PORTION OF THE ARTICLE 46 TAX PROCEEDS TO CERTAIN MUNICIPALITIES IN GUILFORD COUNTY.Intro. by Blust.
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Bill summary
House amendment to the 2nd edition makes the following changes.
Changes the date by which the council of a qualifying municipality must adopt a resolution indicating its intent to receive an allocated share so that it must be adopted no later than October 1, 2025 (was, June 30, 2025). Makes a technical correction.