NC H533

Reduces the percentage of scrap tire disposal tax proceeds credited to the Scrap Tire Disposal Account from 30% to 17% each quarter, with 13% going to the General Fund and 70% distributed to counties on a per capita basis.

Reestablishes the Scrap Tire Disposal Account with authority for the Department to use up to 50% of revenue for grants to local governments for scrap tire disposal, up to 40% for grants encouraging use of processed scrap tire materials, and remaining funds for support positions and cleanup of nuisance tire sites.

Limits local government grant eligibility to cases where scrap tire disposal costs in the preceding six months exceeded funds received from the scrap tire tax, with grants capped at unreimbursed costs.

Requires annual reporting to the Environmental Review Commission on December 15 (updated from January 15) detailing Scrap Tire Disposal Account balances, credits, and revenue usage.

Makes changes effective October 1, 2022 for tax crediting provisions, with remaining provisions effective upon enactment.