S401 - NC Farm Act of 2025-2026. (SL 2026-11)
Session Year 2024
Overview: Section 18 of S.L. 2026-11 (Senate Bill 401) increases the amount of the propane assessment by the North Carolina Propane Education & Research Foundation (Foundation) that raises funds for the purposes of promoting the common good, welfare, and advancement of the propane industry, from $.002 to $.003 per gallon and increases the vote share required to approve the assessment from 50% to 75%. This section also allows the Foundation to use the proceeds of the assessment for workforce development.
The portion of the section pertaining to the amount and its approval becomes effective January 1, 2027, and applies to referenda conducted on or after that date. The remainder of the section became effective June 22, 2026.
Additional Information: