Helene Rev. Replace./Locals; Prop Tax Relief.

Senate Bill 671 establishes the Helene Local Government Revenue Replacement Grant Program, administered by the Department of Revenue. This program provides grants to local governments in western North Carolina that experienced revenue loss from property taxes, sales and use taxes, and water and sewer receipts due to Hurricane Helene. Eligible counties and municipalities, specifically those in FEMA-declared disaster areas, can apply for these grants to cover their qualified revenue losses, which can then be used for any public purpose. The bill also provides for interest relief on property taxes for property owners who sustained significant damage from Hurricane Helene, and appropriates $40 million for the grant program.