AN ACT to enact the gas tax rebate act of 2022.

The General Assembly of North Carolina enacts:

SECTION 1.  This act shall be known as the Gas Tax Rebate Act of 2022.

SECTION 2.  The purpose of this act is to provide a gas tax rebate to assist families to pay for the high costs of gas and increased food prices associated with the increased fuel costs.

SECTION 3.  A person is eligible for a gas tax rebate under this section if the person is as of March 31, 2022, a North Carolina resident, over the age of 18, and has a valid North Carolina drivers license.

SECTION 4.  The State Controller shall transfer from the anticipated General Fund revenue over collection of $4,241,300,000 (North Carolina General Fund Revenue Consensus Forecast: May 2022 Revision) to the Department of Revenue the sum of one billion, three hundred million dollars ($1,300,000,000) for the purpose of sending a two hundred dollar ($200) gas tax rebate, issued as a check or a debit card, to each eligible person under this act, and these funds are hereby appropriated. The Department of Revenue shall send the gas rebate as soon as practicable, but no later than October 1, 2022.

SECTION 5.  If the total value of gas tax rebates issued under this act exceeds the amount of funds appropriated, then there is appropriated from the General Fund to the Department an additional amount equal to the difference between the total value of gas rebates issued and the amount appropriated in section 4 of this act.

SECTION 6.  This act becomes effective July 1, 2022.