NC H962

Authorizes municipal governing bodies to levy an additional one-half percent (0.5%) local sales and use tax by resolution, following at least 10 days' public notice and a public hearing.

Tax administration follows the procedures in Article 39 of Chapter 105 of the General Statutes, with references to counties and county commissioners interpreted as municipalities and their governing bodies.

Tax does not apply to food exempt under existing state law or to bundled transactions.

Net proceeds distributed monthly to taxing municipalities based on collections within each municipality, allocated proportionally if taxes cannot be attributed to a specific municipality.

Municipalities may use tax proceeds for beach nourishment, street and sidewalk construction, traffic signals, street lighting, signage, police/fire/rescue services support, and public events and festivals.