NC H437

Creates Article 43A of Chapter 105, allowing counties to levy a local sales and use tax at 1/4% or 1/2% rate approved by voter referendum to fund public education.

Restricts use of tax proceeds to public school capital outlay purposes and retiring indebtedness incurred for those purposes only.

Prohibits counties from levying taxes under both the new Article 43A and existing Article 43 simultaneously.

Applies existing Article 39 administration procedures to the new tax, with exemptions for food exempt under G.S. 105-164.13B and bundled transactions.

Does not allocate collected revenues between counties and municipalities; all proceeds go to the county.