North Carolina General Statutes 105-524. Distribution of additional sales tax revenue for economic development, public education, and community colleges
(a) Purpose. – The purpose of this section is to address sales tax leakage that results from the different revenue-raising capacity of local option sales taxes in each taxing jurisdiction. The amount to be distributed is determined under subsection (b) of this section. The amount each county may receive is determined by the county’s allocation percentage under subsection (c) of this section. The General Assembly must periodically review the allocation percentages.
(b) Distribution Amount. – The Secretary must calculate a distribution amount in conformity with this section. The Secretary must deduct this amount, in equal installments, proportionately from the collections to be allocated each month for distribution under Article 39 and Chapter 1096 of the 1967 Session Laws and Articles 40 and 42 of this Chapter, excluding the revenue allocated under N.C. Gen. Stat. § 105-469
For the fiscal year beginning July 1, 2016, the distribution amount is eighty-four million eight hundred thousand dollars ($84,800,000). For fiscal years beginning on or after July 1, 2017, the distribution amount is the amount for the preceding year, adjusted by the same percentage of this amount as the percentage change of the total collection of local sales and use taxes levied under Article 39 of this Chapter and Chapter 1096 of the 1967 Session Laws and Articles 40 and 42 of this Chapter for the preceding fiscal year.
(c) County Allocation. – The Secretary must, on a monthly basis, allocate to each taxing county an amount equal to one-twelfth of the distribution amount calculated under subsection (b) of this section multiplied by the appropriate allocation percentage. If, after applying the allocation percentages in this section, the resulting total of the amounts allocated is greater or lesser than the net proceeds to be distributed, the amount allocated to each county shall be proportionally adjusted to eliminate the excess or shortage. The allocation percentages are as follows:
County Allocation Percentage
Alamance 0.00%
Alexander 1.69%
Alleghany 0.31%
Anson 0.96%
Ashe 0.62%
Avery 0.00%
Beaufort 0.17%
Bertie 0.94%
Bladen 1.03%
Brunswick 0.00%
Buncombe 0.00%
Burke 2.19%
Cabarrus 0.00%
Caldwell 1.72%
Camden 0.48%
Carteret 0.00%
Caswell 1.35%
Catawba 0.00%
Chatham 1.58%
Cherokee 0.24%
Chowan 0.26%
Clay 0.32%
Cleveland 1.43%
Columbus 2.63%
Craven 1.01%
Cumberland 0.06%
Currituck 0.00%
Dare 0.00%
Davidson 4.96%
Davie 1.14%
Duplin 1.97%
Durham 0.00%
Edgecombe 1.86%
Forsyth 0.00%
Franklin 2.44%
Gaston 1.96%
Gates 0.68%
Graham 0.31%
Granville 1.87%
Greene 1.20%
Guilford 0.00%
Halifax 0.76%
Harnett 5.17%
Haywood 0.05%
Henderson 0.68%
Hertford 0.47%
Hoke 2.58%
Hyde 0.03%
Iredell 0.00%
Jackson 0.00%
Johnston 3.26%
Jones 0.63%
Lee 0.37%
Lenoir 1.56%
Lincoln 1.74%
Macon 0.00%
Madison 1.03%
Martin 0.31%
McDowell 0.68%
Mecklenburg 0.00%
Mitchell 0.29%
Montgomery 1.05%
Moore 0.00%
Nash 1.16%
New Hanover 0.00%
Northampton 0.94%
Onslow 1.10%
Orange 0.33%
Pamlico 0.40%
Pasquotank 0.02%
Pender 1.69%
Perquimans 0.50%
Person 0.74%
Pitt 0.16%
Polk 0.74%
Randolph 4.27%
Richmond 0.54%
Robeson 3.00%
Rockingham 2.18%
Rowan 3.90%
Rutherford 1.63%
Sampson 2.10%
Scotland 0.83%
Stanly 1.04%
Stokes 1.99%
Surry 0.00%
Swain 0.32%
Transylvania 0.16%
Tyrrell 0.15%
Union 4.35%
Vance 0.36%
Wake 0.00%
Warren 1.01%
Washington 0.33%
Watauga 0.00%
Wayne 2.27%
Wilkes 1.55%
Wilson 0.39%
Yadkin 1.31%
Yancey 0.52%.
(d) Use of Funds. – The amount allocated to a taxing county under this section must be divided among the county and its municipalities in accordance with the method by which the one percent (1%) sales and use taxes levied in that county pursuant to Article 39 of this Chapter or Chapter 1096 of the 1967 Session Laws are distributed. The county must use the revenue it receives under this section for economic development, public education, and community college purposes.
(e) Repealed by Session Laws 2016-94, s. 38.5(o), effective for fiscal years beginning on or after July 1, 2016.
(f) Taxing County. – For purposes of this section, the term “taxing county” means a county that levies the first one-cent (1?) sales and use tax under Article 39 of this Chapter or under Chapter 1096 of the 1967 Session Laws, the first one-half cent (1/2?) local sales and use tax under Article 40 of this Chapter, and the second one-half cent (1/2?) local sales and use tax under Article 42 of this Chapter.
(g) Adjustments. – The adjustments made under this section to Article 39 of this Chapter and Chapter 1096 of the 1967 Session Laws and Articles 40 and 42 of this Chapter shall not be included in the calculations made under N.C. Gen. Stat. § 105-469, 105-522, and 105-523. ?(2015-241, s. 32.19(b); 2015-268, s. 10.1(e1); 2016-94, s. 38.5(o).)
Terms Used In North Carolina General Statutes 105-524
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- month: shall be construed to mean a calendar month, unless otherwise expressed; and the word "year" a calendar year, unless otherwise expressed; and the word "year" alone shall be equivalent to the expression "year of our Lord. See North Carolina General Statutes 12-3