Guilford County Sales Tax Distribution Modifications.

Added full bill structure including title, sponsors, referral information, and short title identifying it as 'Guilford County Sales Tax Distribution Mods.'.

Created new eligibility criteria for 'qualifying municipalities' that must be in Guilford County, not levy ad valorem taxes, and not receive existing distributions under G.S. 105-472(b)(2).

Established a new funding mechanism allowing qualifying municipalities to receive net proceeds (25% of per capita distribution) from sales and use tax distributions.

Added requirement that qualifying municipalities must adopt and submit a resolution to the Secretary in Raleigh to receive net proceeds.

Added new definitions for 'Council', 'Net proceeds', 'Per capita distribution', and 'Qualifying municipality' specific to this act.

Added provisions prohibiting municipalities from receiving net proceeds if they fail to adopt a resolution or if the resolution is not delivered to the Secretary.

Changed document format from amendment markup to official bill format with page numbers, session information, and proper legislative structure.

Changed the deadline for municipalities to receive sales tax distributions from June 30, 2025 to October 1, 2025, giving municipalities more time to prepare for receiving funds.

Added the word 'year' after 'fiscal' to clarify that distribution calculations apply to the full fiscal year rather than a specific period.

Added official amendment formatting including signature lines for the amendment sponsor and committee chair, and a statement about where the official copy is kept.

Header formatting changed from 'Committee Substitute Favorable' to 'RATIFIED BILL', indicating the bill has been approved for final enactment.

Section 2 was added to modify the ballot question for a referendum regarding the levy of the Article 46 quarter-cent sales and use tax in Guilford County.

Section 1(h) was updated to specify that the bill expires for net proceeds distributed beginning on or after the date of the levy of a tax approved in a referendum authorized under Article 46, with provisions for reenactment if the tax is repealed.

Added requirement that the Guilford County Board of Commissioners must notify the Revisor of Statutes if it either levies or repeals the Article 46 tax.

The short title and introductory language were changed to explicitly state the bill is applicable only to Guilford County and now includes multiple purposes beyond just sales tax distribution fairness, including modifications to ballot questions and distribution of Article 46 tax proceeds.

New provisions were added regarding the use and distribution of Article 46 tax proceeds to certain municipalities in Guilford County, expanding the bill's financial scope beyond just Articles 39, 40, and 42 of Chapter 105.

A new Section 1(h) was added specifying that the section becomes effective when the law is enacted and expires for net proceeds distributed beginning on or after the date of a tax levy approved in a referendum.

Minor formatting changes were made to the header information, including page numbers, version identifiers, and the addition of 'Senate Finance Committee Substitute Adopted 6/23/25' to reflect committee action.

Extended the deadline for qualifying municipalities to adopt resolutions indicating intent to receive allocated sales tax shares from June 30, 2025 to October 1, 2025 for resolutions adopted in 2025.

The definition of 'Per capita distribution' was expanded to include taxes collected under Articles 39, 40, and 42 of Chapter 105 instead of just Article 39.

The term 'Net proceeds' was renamed to 'Allocated share' to better reflect that it represents a portion of the total tax proceeds distributed to qualifying municipalities.

New deadlines were added for adopting resolutions: resolutions adopted in 2025 must be submitted by June 30, 2025, while resolutions for other years must be adopted during April.

The authorization section was modified to explicitly reference multiple statutes (105-472(b)(2), 105-486(c), and 105-501(a)) and clarify when the ad valorem method is in effect.

New discontinuation procedures were added to specify when distributions stop if a municipality begins levying ad valorem taxes or if the county switches distribution methods.

New distribution methodology was added requiring the Secretary of Revenue to calculate allocations, deduct qualifying municipality shares from county allocations, and distribute remaining funds to other municipalities.

A hold harmless provision was added to ensure taxing districts receive their full share of funds as if the allocated share had not been paid to qualifying municipalities.