NC H442

Applies exclusively to Carteret County and allows it to use a seasonally-adjusted total population figure for local sales and use tax (LOST) distribution using the per capita method.

Requires Carteret County to annually estimate seasonal population based on rental properties (including beach houses, duplexes, condominiums, townhomes, and mobile homes), hotel/motel/bed and breakfast rooms, and campsites multiplied by average maximum capacity, plus estimated guests of permanent residents.

County must maintain records of methodology, calculations, and data sources used for seasonal population estimates for three years, subject to inspection by the Secretary of Revenue.

County board of commissioners must adopt a resolution by April each year selecting a distribution method and, if choosing the seasonally-adjusted per capita method, include the population estimates; a certified copy must be delivered to the Secretary within 15 calendar days.

Secretary may retain up to $75,000 from the county's tax allocation in the first fiscal year of using the seasonally-adjusted method as reimbursement for Department administration costs, in addition to other statutory deductions.