NC H952

Delays the effective date for changes to the distribution method of the first one-cent local government sales and use tax from the next fiscal year to the fiscal year after that.

Requires county boards of commissioners to adopt resolutions in April determining which distribution method (Per Capita or Ad Valorem) will be in effect, with the change taking effect two fiscal years later instead of one.

Changes the requirement for timely delivery of resolution to the Secretary from triggering continuation of the current method for "the following fiscal year" to continuing until a new resolution is properly adopted for the subsequent fiscal year.

Establishes that the fiscal year runs from October 1 to September 30 for purposes of making distributions.

Becomes effective upon enactment.