NC H986

Reenacts subdivisions (2b) and (2c) of G.S. 105-164.14(c) to restore previously repealed sales tax refund provisions for local school administrative units (LEAs)

Authorizes LEAs and joint agencies created by interlocal agreement to receive annual refunds on sales and use taxes paid on direct purchases of tangible personal property and services

Excludes from refunds purchases of electricity, telecommunications service, ancillary service, piped natural gas, video programming, and prepaid meal plans

Sets aggregate annual local refund limit at $13,300,000 and requires refund requests within three years of the due date

Repeals G.S. 105-164.44H effective July 1, 2019, and appropriates an equal recurring amount from the General Fund to the State Public School Fund to offset the change