AN ACT requiring the revenue laws study committee to study the feasibility and effect of eliminating the unauthorized substances taxes.

The General Assembly of North Carolina enacts:

SECTION 1.  The Revenue Laws Study Committee (the Committee) shall study the costs and benefits reasonably anticipated from eliminating the unauthorized substances taxes by repealing Article 2D of Subchapter I of Chapter 105 of the General Statutes, including any funding necessary to compensate State or local law enforcement for any resulting revenue losses. The Committee shall report its findings, together with any recommended legislation, to the 2024 Regular Session of the 2023 General Assembly upon its convening.

SECTION 2.  This act is effective when it becomes law.