NC H459

Applies only to Carteret County and modifies the purposes for using proceeds from the existing one-quarter cent local sales and use tax authorized under Article 46 of Chapter 105 of the General Statutes.

Changes the ballot question language to specify that the local sales and use tax at 0.25% shall be "used only for dredging and waterway maintenance."

Establishes an expiration mechanism where the tax automatically expires on the first day of the calendar quarter that is at least 90 days after the month in which total net proceeds reach $20,000,000.

Requires the Secretary to notify the county finance director and board of county commissioners when the $20,000,000 threshold is reached and specifies the tax expiration date.

Maintains existing administration procedures under Article 39 of Chapter 105 of the General Statutes, with all other provisions of the one-quarter cent sales tax remaining unchanged.