S.671

North Carolina S671 establishes a grant program for local governments affected by Hurricane Helene, providing revenue replacement and interest relief.

North Carolina S671 creates the Helene Local Government Revenue Replacement Grant Program to aid local governments in western North Carolina affected by Hurricane Helene. The program provides grants to cover revenue losses from property taxes, sales and use taxes, and water and sewer fees. The Department of Revenue must inform eligible local governments about the grants and report annually on property tax revenue losses. The bill also provides interest relief on property taxes for property owners who sustained significant damage from the hurricane and received compensation exceeding $42,000.