SB 671

Authorizes the Department of Revenue (DOR) to create and administer the Helene Local Government Revenue Replacement Grant Program (Program) to provide grants to local governments in western North Carolina that experienced revenue loss from property taxes, sales and use taxes, and water and sewer receipts as a result of Hurricane Helene. Authorizes a local government that is awarded a grant under the Program to use the funds for any public purpose. Defines eight terms, including eligible applicant (a local government that can show qualified revenue loss) and specifies that notwithstanding GS 105-472, a county is not eligible for a grant for sales and use tax revenue loss if it changes the method of distribution for the fiscal year beginning July 1, 2025. Defines qualified revenue loss as the sum of property tax revenue loss, sales and use tax revenue, and water and sewer fee revenue loss, as specified.