NC H903

Creates a new County Sales and Use Tax (Article 43A) allowing county commissioners to levy a 0.25% local sales and use tax either by referendum approval or by resolution if no election rejecting the tax has occurred within five years, with 10 days' public notice required.

Modifies existing Public Transportation Sales Tax (Article 43) to allow counties to choose between financing local public transportation systems or using revenues for general purposes, with tax levied under Article 43A reducing the amount authorized under Article 43.

Establishes a new One-Quarter Cent City Sales and Use Tax (Article 47) allowing city councils to levy a 0.25% sales and use tax by resolution after 10 days' public notice and a public hearing, with proceeds distributed monthly to cities.

Exempts food sales under G.S. 105-164.13B and bundled transactions under G.S. 105-467(a)(5a) from the new county and city sales and use taxes.

Permits cities to use tax proceeds from the new city sales and use tax for any public purpose, providing a replacement revenue source following the repeal of the city privilege license tax.