A BILL TO BE ENTITLED
AN ACT TO REENACT THE SALES AND USE TAX REFUND FOR LOCAL SCHOOL ADMINISTRATIVE UNITS so as to optimize school construction funding, as recommended by the joint legislative education oversight committee.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 105‑164.14(c)(2b) and (2c) are reenacted.
SECTION 2.  G.S. 105‑467(b) reads as rewritten:
"(b)	Exemptions and Refunds. – The State exemptions and exclusions contained in G.S. 105‑164.13, the State sales and use tax holiday contained in G.S. 105‑164.13C, and the State refund provisions contained in G.S. 105‑164.14 apply to the local sales and use tax authorized to be levied and imposed under this Article. A taxing county may not allow an exemption, exclusion, or refund that is not allowed under the State sales and use tax."
SECTION 3.  G.S. 105‑164.44H is repealed.
SECTION 4.  Sections 1 and 2 of this act become effective July 1, 2009, and apply to purchases made on or after that date.  Section 3 of this act becomes effective July 1, 2010.