reglab/housing_qa huggingface dataset:
NC Gen Stat § 105-129.53 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3F - Research and Development.|§ 105-129.53 - (See note for repeal) Substantiation.

 105-129.53. (See note for repeal) Substantiation.To claim a credit allowed by this Article, the taxpayer must provide any information required by the Secretary. Every taxpayer claiming a credit under this Article must maintain and make available for inspection by the Secretary any records the Secretary considers necessary to determine and verify the amount of the credit to which the taxpayer is entitled. The burden of proving eligibility for a credit and the amount of the credit rests upon the taxpayer, and no credit may be allowed to a taxpayer that fails to maintain adequate records or to make them available for inspection. (2004-124, s. 32D.2.)
NC Gen Stat § 105-129.54 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3F - Research and Development.|§ 105-129.54 - (See note for repeal) Report.

 105-129.54. (See note for repeal) Report.The Department must include in the economic incentives report required by G.S. 105-256 the following information itemized by credit and by taxpayer:(1) The number of taxpayers that took a credit allowed in this Article, itemized by the categories of small business, low-tier, university research, Eco-Industrial Park, and other.(2) The amount of each credit taken in each category.(3) The total cost to the General Fund of the credits taken.  (2004-124, s. 32D.2; 2005-429, s. 2.7; 2010-147, s. 3.5; 2010-166, s. 1.7; 2013-316, s. 2.3(d).)
NC Gen Stat § 105-129.55 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3F - Research and Development.|§ 105-129.55 - (See note for repeal) Credit for North Carolina research and development.

 105-129.55. (See note for repeal) Credit for North Carolina research and development.(a) Qualified North Carolina Research Expenses. - A taxpayer that has qualified North Carolina research expenses for the taxable year is allowed a credit equal to a percentage of the expenses, determined as provided in this section. Only one credit is allowed under this section with respect to the same expenses. If more than one subdivision of this section applies to the same expenses, then the credit is equal to the higher percentage, not both percentages combined. If part of the taxpayer's qualified North Carolina research expenses qualifies under more than one subdivision of this section, the applicable percentages apply separately to each part of the expenses.(1) Small business. - If the taxpayer was a small business as of the last day of the taxable year, the applicable percentage is three and one-quarter percent (3.25%).(2) Low-tier research. - For expenses with respect to research performed in a development tier one area, the applicable percentage is three and one-quarter percent (3.25%).(2a) University research. - For North Carolina university research expenses, the applicable percentage is twenty percent (20%).(2b) Eco-Industrial Park. - For expenses with respect to research performed in an Eco-Industrial Park certified under G.S. 143B-437.08, the applicable percentage is thirty-five percent (35%).(3) Other research. - For expenses not covered under another subdivision of this section, the percentages provided in the table below apply to the taxpayer's qualified North Carolina research expenses during the taxable year at the following levels:Expenses Over  Up To  Rate  -0-  $50 million  1.25%  $50 million  $200 million  2.25%  $200 million   -   3.25%  (b) Repealed by Session Laws 2010-147, s. 5.5, effective January 1, 2011. (2004-124, s. 32D.2; 2006-252, s. 2.1; 2007-323, s. 31.8(a); 2010-147, s. 5.5.)
NC Gen Stat § 105-129.70 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3H - Mill Rehabilitation Tax Credit.|§ 105-129.70 - (See note for repeal) Definitions.

 105-129.70. (See note for repeal) Definitions.The following definitions apply in this Article:(1) Certified historic structure. - Defined in section 47 of the Code.(2) Certified rehabilitation. - Defined in G.S. 105-129.36.(3) Cost certification. - The certification obtained by the State Historic Preservation Officer from the taxpayer of the amount of the qualified rehabilitation expenditures or the rehabilitation expenses incurred with respect to a certified rehabilitation of an eligible site.(3a) Development tier area. - Defined in G.S. 143B-437.08.(4) Eligibility certification. - The certification obtained from the State Historic Preservation Officer that the applicable facility comprises an eligible site.(5) Eligible site. - A site located in this State that satisfies all of the following conditions:a. It was used as a manufacturing facility or for purposes ancillary to manufacturing, as a warehouse for selling agricultural products, or as a public or private utility.b. It is a certified historic structure or a State-certified historic structure.c. It has been at least eighty percent (80%) vacant for a period of at least two years immediately preceding the date the eligibility certification is made.d. Repealed by Session Laws 2008-107, s. 28.4(a), effective for taxable years beginning on or after January 1, 2008.(6) Repealed by Session Laws 2006-252, s. 2.22, effective January 1, 2007.(7) Pass-through entity. - Defined in G.S. 105-228.90.(8) Qualified rehabilitation expenditures. - Defined in section 47 of the Code.(9) Rehabilitation expenses. - Defined in G.S. 105-129.36.(10) State-certified historic structure. - Defined in G.S. 105-129.36.(11) State Historic Preservation Officer. - Defined in G.S. 105-129.36.  (2006-40, s. 1; 2006-252, s. 2.22; 2008-107, s. 28.4(a).)
NC Gen Stat § 105-129.73 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3H - Mill Rehabilitation Tax Credit.|§ 105-129.73 - (See note for repeal) Tax credited; cap.

 105-129.73. (See note for repeal) Tax credited; cap.(a) Taxes Credited. - The credits allowed by this Article may be claimed against the franchise tax imposed under Article 3 of this Chapter, the income taxes imposed under Article 4 of this Chapter, or the gross premiums tax imposed under Article 8B of this Chapter. The taxpayer may take the credits allowed by this Article against only one of the taxes against which it is allowed. The taxpayer must elect the tax against which a credit will be claimed when filing the return on which it is claimed. This election is binding. Any carryforwards of the credit must be claimed against the same tax.(b) Cap. - A credit allowed under this Article may not exceed the amount of the tax against which it is claimed for the taxable year reduced by the sum of all credits allowed, except payment of tax made by or on behalf of the taxpayer. Any unused portion of the credit may be carried forward for the succeeding nine years. (2006-40, s. 1.)
NC Gen Stat § 105-129.74 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3H - Mill Rehabilitation Tax Credit.|§ 105-129.74 - (See note for repeal) Coordination with Historic Rehabilitation Tax Credit.

 105-129.74. (See note for repeal) Coordination with Historic Rehabilitation Tax Credit.A taxpayer that claims a credit under this Article may not also claim a credit under Article 3D or 3L of this Chapter with respect to the same activity. The rules and fee schedule adopted under G.S. 105-129.36A or G.S. 105-129.107 apply to this Article.  (2006-40, s. 1; 2019-237, s. 3(c).)
NC Gen Stat § 105-129.75 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3H - Mill Rehabilitation Tax Credit.|§ 105-129.75 - Sunset and applicable expenditures.

 105-129.75. Sunset and applicable expenditures.(a) Sunset. - Except for credits allowed under G.S. 105-129.71(a1), this Article expires January 1, 2015, for rehabilitation projects for which an application for an eligibility certification is submitted on or after that date. Eligibility certifications under this Article expire January 1, 2023.(b) Delayed Sunset and Applicable Expenditures. - For credits allowed under G.S. 105-129.71(a1), the following applies:(1) The qualified rehabilitation expenditures must be incurred on or after January 1, 2019, and before January 1, 2022.(2) This Article expires, and a tax credit allowed under G.S. 105-127.71(a1) may not be claimed, for rehabilitation projects not completed and placed in service prior to January 1, 2022.  (2006-40, s. 1; 2008-107, s. 28.4(d); 2010-31, s. 31.5(a); 2012-36, s. 12(b); 2015-241, s. 32.3(b); 2019-237, s. 3(d).)
NC Gen Stat § 105-129.75A (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3H - Mill Rehabilitation Tax Credit.|§ 105-129.75A - (See note for repeal) Report.

 105-129.75A. (See note for repeal) Report.The Department must include in the economic incentives report required by G.S. 105-256 the following information itemized by taxpayer:(1) The number of taxpayers that took the credits allowed in this Article.(2) The amount of rehabilitation expenses and qualified rehabilitation expenditures with respect to which credits were taken.(3) The total cost to the General Fund of the credits taken.  (2010-166, s. 1.8.)
NC Gen Stat § 105-129.80 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3J - Tax Credits for Growing Businesses.|§ 105-129.80 - (See notes) Legislative findings.

 105-129.80. (See notes) Legislative findings.The General Assembly finds that:(1) It is the policy of the State of North Carolina to stimulate economic activity and to create new jobs for the citizens of the State by encouraging and promoting the expansion of existing business and industry within the State and by recruiting and attracting new business and industry to the State.(2) Both short-term and long-term economic trends at the State, national, and international levels have made the successful implementation of the State's economic development policy and programs both more critical and more challenging, and the decline in the State's traditional industries, and the resulting adverse impact upon the State and its citizens, have been exacerbated in recent years by adverse national and State economic trends that contribute to the reduction in the State's industrial base and that inhibit the State's ability to sustain or attract new and expanding businesses.(3) The economic condition of the State is not static, and recent changes in the State's economic condition have created economic distress that requires a reevaluation of certain existing State programs and the enactment of a new program as provided in this Article that is designed to stimulate new economic activity and to create new jobs within the State.(4) The enactment of this Article is necessary to stimulate the economy and create new jobs in North Carolina, and this Article will promote the general welfare and confer, as its primary purpose and effect, benefits on citizens throughout the State through the creation of new jobs, an enlargement of the overall tax base, an expansion and diversification of the State's industrial base, and an increase in revenue to the State and its political subdivisions.(5) The purpose of this Article is to stimulate economic activity and to create new jobs within the State.(6) The State is in need of a focused tax credit program that encourages and facilitates economic growth and development within the State.(7) The resources of the State are not evenly distributed throughout the State and different communities have different abilities and needs in attracting and maintaining new and expanding business and industry. (2006-252, s. 1.1.)
NC Gen Stat § 105-129.82 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3J - Tax Credits for Growing Businesses.|§ 105-129.82 - (See notes) Sunset; studies.

 105-129.82. (See notes) Sunset; studies.(a) Sunset. - This Article is repealed effective for business activities that occur on or after January 1, 2014.(b) Equity Study. - The Department of Commerce shall study the effect of the tax incentives provided in this Article on tax equity. This study shall include the following:(1) Reexamining the formula in G.S. 143B-437.08 used to define development tiers, to include consideration of alternative measures for more equitable treatment of counties in similar economic circumstances.(2) Considering whether the assignment of tiers and the applicable thresholds are equitable for smaller counties.(3) Compiling any available data on whether expanding North Carolina businesses receive fewer benefits than out-of-State businesses that locate to North Carolina.(c) Impact Study. - The Department of Commerce shall study the effectiveness of the tax incentives provided in this Article. This study shall include:(1) Studying the distribution of tax incentives across new and expanding businesses and industries.(2) Examining data on economic recruitment for the period from 2005 through the most recent year for which data are available by county, by industry type, by size of investment, and by number of jobs, and other relevant information to determine the pattern of business locations and expansions before and after the enactment of this Article.(3) Measuring the direct costs and benefits of the tax incentives.(4) Compiling available information on the current use of incentives by other states and whether that use is increasing or declining.(d) Report. - The Department of Commerce shall report the results of these studies and its recommendations to the General Assembly biennially with the first report due by June 1, 2009.  (2006-252, s. 1.1; 2010-147, s. 1.1; 2012-36, s. 5.)
NC Gen Stat § 105-129.84 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3J - Tax Credits for Growing Businesses.|§ 105-129.84 - (See notes) Tax election; cap; carryforwards; limitations.

 105-129.84. (See notes) Tax election; cap; carryforwards; limitations.(a) Tax Election. - The credits provided in this Article are allowed against the franchise tax levied in Article 3 of this Chapter, the income taxes levied in Article 4 of this Chapter, and the gross premiums tax levied in Article 8B of this Chapter. The taxpayer may divide a credit between the taxes against which it is allowed. Carryforwards of a credit may be divided between the taxes against which it is allowed without regard to the original election regarding the division of the credit.(b) Cap. - The credits allowed under this Article may not exceed fifty percent (50%) of the cumulative amount of taxes against which they may be claimed for the taxable year, reduced by the sum of all other credits allowed against those taxes, except tax payments made by or on behalf of the taxpayer. This limitation applies to the cumulative amount of credit, including carryforwards, claimed by the taxpayer under this Article for the taxable year.(c) Carryforward. - Unless a longer carryforward period applies, any unused portion of a credit allowed under G.S. 105-129.87 or G.S. 105-129.88 may be carried forward for the succeeding five years, and any unused portion of a credit allowed under G.S. 105-129.89 may be carried forward for the succeeding 15 years. If the Secretary of Commerce makes a written determination that the taxpayer is expected to purchase or lease, and place in service in connection with an eligible business within a two-year period, at least one hundred fifty million dollars ($150,000,000) worth of business and real property, any unused portion of a credit under this Article with respect to the establishment that satisfies that condition may be carried forward for the succeeding 20 years. If the taxpayer does not make the required level of investment, the taxpayer shall apply the standard carryforward period rather than the 20-year carryforward period.(d) Statute of Limitations. - Notwithstanding Article 9 of this Chapter, a taxpayer shall claim a credit under this Article within six months after the date set by statute for the filing of the return, including any extensions of that date.(e) Credit Treated as Tax Payment. - The owner of a pass-through entity that claims a credit under this Article may treat some or all of the credit claimed as a tax payment made by or on behalf of the taxpayer. A credit claimed that is treated as a tax payment is subject to all provisions of this section. A credit claimed that is treated as a tax payment does not accrue interest under G.S. 105-241.21 if the payment is determined to be an overpayment. A taxpayer that elects to have a credit claimed under this Article treated as a tax payment must make this election when the return is filed.  (2006-252, s. 1.1; 2011-297, s. 4; 2013-414, s. 4.)
NC Gen Stat § 105-129.85 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3J - Tax Credits for Growing Businesses.|§ 105-129.85 - (See notes) Fees and reports.

 105-129.85. (See notes) Fees and reports.(a) Fee. - When filing a return for a taxable year in which the taxpayer engaged in activity for which the taxpayer is eligible for a credit under this Article, the taxpayer shall pay the Department of Revenue a fee of five hundred dollars ($500.00) for each type of credit the taxpayer claims or intends to claim with respect to an establishment. The fee is due at the time the return is due for the taxable year in which the taxpayer engaged in the activity for which the taxpayer is eligible for a credit. No credit is allowed under this Article for a taxable year until all outstanding fees have been paid. Fees collected under this section shall be credited to the General Fund.(b) Report. - The Department must include in the economic incentives report required by G.S. 105-256 the following information itemized by credit and by taxpayer:(1) The number and amount of credits generated and taken for each credit allowed in this Article.(2) The number and development tier area of new jobs with respect to which credits were generated and to which credits were taken.(3) The cost and development tier area of business property with respect to which credits were generated and to which credits were taken.(4) The cost and development tier area of real property investment with respect to which credits were generated and to which credits were taken.  (2006-252, s. 1.1; 2010-166, s. 1.9.)
NC Gen Stat § 105-129.86 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3J - Tax Credits for Growing Businesses.|§ 105-129.86 - (See notes) Substantiation.

 105-129.86. (See notes) Substantiation.(a) Records. - To claim a credit allowed by this Article, the taxpayer shall provide any information required by the Secretary of Revenue. Every taxpayer claiming a credit under this Article shall maintain and make available for inspection by the Secretary of Revenue any records the Secretary considers necessary to determine and verify the amount of the credit to which the taxpayer is entitled. The burden of proving eligibility for the credit and the amount of the credit shall rest upon the taxpayer, and no credit shall be allowed to a taxpayer that fails to maintain adequate records or to make them available for inspection.(b) Documentation. - Each taxpayer shall provide with the tax return qualifying information for each credit claimed under this Article. The qualifying information shall be in the form prescribed by the Secretary and shall be signed and affirmed by the individual who signs the taxpayer's tax return. The information required by this subsection is information demonstrating that the taxpayer has met the conditions for qualifying for a credit and any carryforwards and includes the following:(1) The physical location of the jobs and investment with respect to which the credit is claimed, including the street address and the development tier designation of the establishment.(2) The type of business with respect to which the credit is claimed and the average weekly wage at the establishment with respect to which the credit is claimed.(3) Any other qualifying information related to a specific credit allowed under this Article. (2006-252, s. 1.1.)
NC Gen Stat § 105-129.99 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3K - Tax Incentives for Railroad Intermodal Facilities.|§ 105-129.99 - Sunset.

 105-129.99. Sunset.This Article is repealed effective for taxable years beginning on or after January 1, 2038. (2007-323, s. 31.23(a).)
NC Gen Stat § 105-129.107 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3L - Historic Rehabilitation Tax Credits Investment Program.|§ 105-129.107 - (See note for repeal) Rules; fees.

 105-129.107. (See note for repeal) Rules; fees.(a) Rules. - The North Carolina Historical Commission, in consultation with the State Historic Preservation Officer, may adopt rules needed to administer any certification process required by this Article.(b) Fees. - The North Carolina Historical Commission, in consultation with the State Historic Preservation Officer, may adopt a schedule of fees for providing any certifications required by this Article, or Article 3D or 3H as they provided as of December 31, 2014. In establishing the fee schedule, the Commission shall consider the administrative and personnel costs incurred by the Department of Natural and Cultural Resources. An application fee may not exceed one percent (1%) of the completed qualifying rehabilitation expenditures. The proceeds of the fees are receipts of the Department of Natural and Cultural Resources and must be used for performing its duties under this Article.  (2015-241, ss. 14.30(c), 32.3(a); 2015-264, s. 54.5(b).)
NC Gen Stat § 105-129.109 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3L - Historic Rehabilitation Tax Credits Investment Program.|§ 105-129.109 - (See note for repeal) Report; tracking.

 105-129.109. (See note for repeal) Report; tracking.(a) The Department must include in the economic incentives report required by G.S. 105-256 the following information itemized by taxpayer:(1) The number of taxpayers that took the credits allowed in this Article.(2) The amount of rehabilitation expenses and qualified rehabilitation expenditures with respect to which credits were taken.(3) The total cost to the General Fund of the credits taken.(b) The Department shall include in the economic incentives report required by G.S. 105-256 the following information:(1) The total amount of tax credits claimed and the total amount of tax credits taken against current taxes, by type of tax, during the relevant tax year.(2) The total amount of tax credits carried forward, by type of tax.  (2015-241, s. 32.3(a); 2015-264, s. 54.5(b).)
NC Gen Stat § 105-129.110 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3L - Historic Rehabilitation Tax Credits Investment Program.|§ 105-129.110 - Sunset.

 105-129.110. Sunset.This Article expires for qualified rehabilitation expenditures and rehabilitation expenses incurred on or after January 1, 2024. For qualified rehabilitation expenditures and rehabilitation expenses incurred prior to January 1, 2024, this Article expires for property not placed in service by January 1, 2032.  (2015-241, s. 32.3(a); 2015-264, s. 54.5(b); 2017-102, s. 33; 2018-5, s. 38.10(k); 2019-237, s. 3(a).)
NC Gen Stat § 105-130 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 4 - Income Tax.|§ 105-130 - Short title.

 105-130. Short title.This Part of the income tax Article shall be known and may be cited as the Corporation Income Tax Act. (1939, c. 158, s. 300; 1967, c. 1110, s. 3; 1998-98, ss. 42, 61, 68.)