NC S706

Redirects 30% of scrap tire disposal tax proceeds from the General Fund to the Scrap Tire Disposal Account, with any amount exceeding $300,000 at fiscal year end credited to the Highway Fund

Increases the portion of Scrap Tire Disposal Account revenue available for local government disposal grants from 50% to 75%, while reducing grants for processed tire materials from 40% to 15%

Caps administrative costs at $175,000 from the Account to support implementation of scrap tire management requirements

Removes provisions allowing scrap tire tax proceeds to fund hazardous waste site cleanup and the Bernard Allen Memorial Emergency Drinking Water Fund, restricting county use to scrap tire disposal only

Effective October 1, 2025, applying to quarterly tax crediting occurring on or after that date; signed into law July 7, 2025