summary
Introduced
05/02/2024
05/02/2024
In Committee
05/07/2024
05/07/2024
Crossed Over
Passed
Dead
12/13/2024
12/13/2024
Introduced Session
2023-2024 Session
Bill Summary
AN ACT TO RESTORE THE SALES TAX REFUND AUTHORIZED FOR LOCAL SCHOOL ADMINISTRATIVE UNITS.
AI Summary
This bill aims to restore the sales tax refund authorized for local school administrative units (LEAs) in North Carolina. Specifically, it reenacts the previous provisions of the law that allowed LEAs and joint agencies created by LEAs to receive an annual refund of sales and use taxes paid on direct purchases of tangible personal property and services. The bill also appropriates funds from the General Fund to the State Public School Fund to offset the impact of this change. The bill becomes effective on July 1, 2024 and applies to sales made on or after that date.
Committee Categories
Government Affairs
Sponsors (18)
Wesley Harris (D)*,
Brandon Lofton (D)*,
John Autry (D),
Gloristine Brown (D),
Kanika Brown (D),
Terry Brown (D),
Deb Butler (D),
Becky Carney (D),
Maria Cervania (D),
Allison Dahle (D),
Pricey Harrison (D),
Zack Hawkins (D),
Joe John (D),
Tim Longest (D),
Nasif Majeed (I),
Renée Price (D),
Amos Quick (D),
James Roberson (D),
Last Action
Ref To Com On Rules, Calendar, and Operations of the House (on 05/07/2024)
Bill Topics
Education
- ‐ Elementary and Secondary Education
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.ncleg.gov/BillLookUp/2023/H1039 | 05/02/2024 |
| BillText | https://www.ncleg.gov/Sessions/2023/Bills/House/PDF/H1039v1.pdf | 05/08/2024 |
| BillText | https://www.ncleg.gov/Sessions/2023/Bills/House/PDF/H1039v0.pdf | 05/02/2024 |
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