NC H1113

Applies exclusively to Guilford County and allows the county to dedicate a one-quarter percent (0.25%) local sales and use tax to public school capital outlay purposes only.

Requires the tax to be approved by referendum, with the ballot question specifying whether proceeds will be used for "any public purpose" or "only public school capital outlay purposes."

If the tax is levied for school capital outlay purposes, Guilford County must maintain at least the same level of public school capital outlay funding from other sources as existed in the fiscal year prior to voter approval.

Tax proceeds cannot be applied to food exempt from tax under G.S. 105-164.13B or to bundled transactions, and the full allocated amount must remain in the county rather than being divided between the county and municipalities.

Becomes effective upon passage.