reglab/housing_qa huggingface dataset:
NC Gen Stat § 105-129.16E (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3B - Business and Energy Tax Credits.|§ 105-129.16E - Expired effective January 1, 2010, pursuant to the terms of former subsection-(d) of this section.

 105-129.16E. Expired effective January 1, 2010, pursuant to the terms of former subsection (d) of this section.
NC Gen Stat § 105-129.16G (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3B - Business and Energy Tax Credits.|§ 105-129.16G - Expired effective January 1, 2014, pursuant to the terms of former subsection (b) of this section.

 105-129.16G. Expired effective January 1, 2014, pursuant to the terms of former subsection (b) of this section.
NC Gen Stat § 105-129.16J (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3B - Business and Energy Tax Credits.|§ 105-129.16J - Temporary unemployment insurance refundable tax credit.

 105-129.16J. Temporary unemployment insurance refundable tax credit.(a) Credit. - A small business that makes contributions during the taxable year to the State Unemployment Insurance Fund with respect to wages paid for employment in this State is allowed a credit equal to twenty-five percent (25%) of the contributions. A small business is a business whose cumulative gross receipts from business activity for the taxable year do not exceed one million dollars ($1,000,000).(b) Refundable. - Notwithstanding G.S. 105-129.17, the credit allowed by this section is subject to the following:(1) The credit may only be claimed against the income taxes imposed by Article 4 of this Chapter.(2) If the credit exceeds the amount of tax imposed by Article 4 of this Chapter for the taxable year reduced by the sum of all credits allowable, the excess is refundable. The refundable excess is governed by the provisions governing a refund of an overpayment by the taxpayer of the tax imposed in that Article. In computing the amount of tax against which multiple credits are allowed, nonrefundable credits are subtracted before refundable credits.(c) Applicability. - This section applies only to taxable years 2010 and 2011.  (2010-31, s. 31.1A(a).)
NC Gen Stat § 105-129.17 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3B - Business and Energy Tax Credits.|§ 105-129.17 - Tax election; cap.

 105-129.17. Tax election; cap.(a) Tax Election. - The credit allowed in G.S. 105-129.16A is allowed against the franchise tax levied in Article 3 of this Chapter, the income taxes levied in Article 4 of this Chapter, or the gross premiums tax levied in Article 8B of this Chapter. All other credits allowed in this Article are allowed against the franchise tax levied in Article 3 of this Chapter or the income taxes levied in Article 4 of this Chapter. The taxpayer must elect the tax against which a credit will be claimed when filing the return on which the first installment of the credit is claimed. This election is binding. Any carryforwards of a credit must be claimed against the same tax.(b) Cap. - The credits allowed in this Article may not exceed fifty percent (50%) of the tax against which they are claimed for the taxable year, reduced by the sum of all other credits allowed against that tax, 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 against each tax for the taxable year. Any unused portion of the credits may be carried forward for the succeeding five years.  (1996, 2nd Ex. Sess., c. 13, s. 3.12; 1997-277, s. 3; 1999-342, s. 2; 1999-360, ss. 1, 13; 2000-140, ss. 63(a), 88; 2001-431, s. 3; 2002-87, s. 5; 2009-548, s. 3.)
NC Gen Stat § 105-129.18 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3B - Business and Energy Tax Credits.|§ 105-129.18 - (See Editor's note for repeal) Substantiation.

 105-129.18. (See Editor's note for repeal) Substantiation.To claim a credit allowed by this Article, the taxpayer must provide any information required by the Secretary of Revenue. Every taxpayer claiming a credit under this Article must 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 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. (1996, 2nd Ex. Sess., c. 13, s. 3.12; 1997-277, s. 3; 1999-342, s. 2; 1999-360, ss. 1, 14; 2000-140, ss. 63(b), 88.)
NC Gen Stat § 105-129.19 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3B - Business and Energy Tax Credits.|§ 105-129.19 - Report.

 105-129.19. 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 the credits allowed in this Article.(2) The cost of renewable energy property with respect to which credits were taken.(2a) Repealed by Session Laws 2002-87, s. 6, effective August 22, 2002.(3) The total cost to the General Fund of the credits taken.  (1996, 2nd Ex. Sess., c. 13, s. 3.12; 1997-277, s. 3; 1999-342, s. 2; 1999-360, ss. 1, 15; 2000-140, ss. 63(c), 88; 2001-414, s. 10; 2002-87, s. 6; 2005-429, s. 2.3; 2010-166, s. 1.2.)
NC Gen Stat § 105-129.25 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3C - Tax Incentives for Recycling Facilities.|§ 105-129.25 - Definitions.

 105-129.25. Definitions.The following definitions apply in this Article:(1) Reserved.(2) Reserved.(3) Repealed by Session Laws 2010-166, s. 2.1, effective July 1, 2010.(4) Machinery and equipment. - Engines, machinery, tools, and implements used or designed to be used in the business for which the credit is claimed. The term does not include real property as defined in G.S. 105-273 or rolling stock as defined in G.S. 105-333.(5) Major recycling facility. - A recycling facility that qualifies under G.S. 105-129.26(a).(6) Owner. - A person who owns or leases a recycling facility.(7) Post-consumer waste material. - Any product that was generated by a business or consumer, has served its intended end use, and has been separated from the solid waste stream for the purpose of recycling. The term includes material acquired by a recycling facility either directly or indirectly, such as through a broker or an agent.(8) Purchase. - Defined in section 179 of the Code.(9) Recycling facility. - A manufacturing plant at least three-fourths of whose products are made of at least fifty percent (50%) post-consumer waste material measured by weight or volume. The term includes real and personal property located at or on land in the same county and reasonably near the plant site and used to perform business functions related to the plant or to transport materials and products to or from the plant. The term also includes utility infrastructure and transportation infrastructure to and from the plant.  (1998-55, s. 12; 2010-166, s. 2.1.)
NC Gen Stat § 105-129.27 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3C - Tax Incentives for Recycling Facilities.|§ 105-129.27 - Credit for investing in major recycling facility.

 105-129.27. Credit for investing in major recycling facility.(a) Credit. - An owner that purchases or leases machinery and equipment for a major recycling facility in this State during the taxable year is allowed a credit equal to fifty percent (50%) of the amount payable by the owner during the taxable year to purchase or lease the machinery and equipment.(b) Taxes Credited. - The credit provided in this section is allowed against the franchise tax levied in Article 3 of this Chapter and the income tax levied in Part 1 of Article 4 of this Chapter. Any other nonrefundable credits allowed the owner are subtracted before the credit allowed by this section.(c) Carryforwards. - The credit provided in this section may not exceed the amount of tax against which it is claimed for the taxable year, reduced by the sum of all other credits allowed against that tax, except tax payments made by or on behalf of the owner. Any unused portion of the credit may be carried forward for the succeeding 25 years.(d) Change in Ownership of Facility. - The sale, merger, consolidation, conversion, acquisition, or bankruptcy of a recycling facility, or any transaction by which the facility is reformulated as another business, does not create new eligibility in a succeeding owner with respect to a credit for which the predecessor was not eligible under this section. A successor business may, however, take any carried-over portion of a credit that its predecessor could have taken if it had a tax liability.(e) Forfeiture. - If any machinery or equipment for which a credit was allowed under this section is not placed in service within 30 months after the credit was allowed, the credit is forfeited. A taxpayer that forfeits a credit under this section is liable for all past taxes avoided as a result of the credit plus interest at the rate established under G.S. 105-241.21, computed from the date the taxes would have been due if the credit had not been allowed. The past taxes and interest are due 30 days after the date the credit is forfeited; a taxpayer that fails to pay the past taxes and interest by the due date is subject to the penalties provided in G.S. 105-236.(f) No Double Credit. - A recycling facility that is eligible for the credit allowed in this section is not allowed the credit for investing in machinery and equipment provided in G.S. 105-129.9 or G.S. 105-129.88.  (1998-55, s. 12; 1999-369, s. 5.3; 2007-491, s. 44(1)a; 2009-445, s. 3(a); 2010-166, s. 2.1.)
NC Gen Stat § 105-129.35 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3D - Historic Rehabilitation Tax Credits.|§ 105-129.35 - (See note for repeal) Credit for rehabilitating income-producing historic structure.

 105-129.35. (See note for repeal) Credit for rehabilitating income-producing historic structure.(a) Credit. - A taxpayer who is allowed a federal income tax credit under section 47 of the Code for making qualified rehabilitation expenditures for a certified historic structure located in this State is allowed a credit equal to twenty percent (20%) of the expenditures that qualify for the federal credit. If the certified historic structure is a facility that at one time served as a State training school for juvenile offenders, the amount of the credit is equal to forty percent (40%) of the expenditures that qualify for the federal credit. To claim the credit allowed by this subsection, the taxpayer must provide a copy of the certification obtained from the State Historic Preservation Officer verifying that the historic structure has been rehabilitated in accordance with this subsection.(b) Notwithstanding the provisions of G.S. 105-131.8 and G.S. 105-269.15, a pass-through entity that qualifies for the credit provided in this section may allocate the credit among any of its owners in its discretion as long as an owner's adjusted basis in the pass-through entity, as determined under the Code, at the end of the taxable year in which the certified historic structure is placed in service, is at least forty percent (40%) of the amount of credit allocated to that owner. Owners to whom a credit is allocated are allowed the credit as if they had qualified for the credit directly. A pass-through entity and its owners must include with their tax returns for every taxable year in which an allocated credit is claimed a statement of the allocation made by the pass-through entity and the allocation that would have been required under G.S. 105-131.8 or G.S. 105-269.15.(c) Definitions. - The following definitions apply in this section:(1) Certified historic structure. - Defined in section 47 of the Code.(2) Pass-through entity. - Defined in G.S. 105-228.90.(3) Qualified rehabilitation expenditures. - Defined in section 47 of the Code.(4) State Historic Preservation Officer. - Defined in G.S. 105-129.36. (1993, c. 527, ss. 1, 2; 1997-139, ss. 1, 2; 1998-98, ss. 36, 69; 1999-389, ss. 2, 5, 6; 2001-476, s. 19(a); 2003-284, s. 35A.1; 2003-415, ss. 1, 2; 2003-416, s. 4(c); 2004-170, s. 14; 2006-40, s. 2; 2007-461, s. 1.)
NC Gen Stat § 105-129.36 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3D - Historic Rehabilitation Tax Credits.|§ 105-129.36 - (See note for repeal) Credit for rehabilitating nonincome-producing historic structure.

 105-129.36. (See note for repeal) Credit for rehabilitating nonincome-producing historic structure.(a) Credit. - A taxpayer who is not allowed a federal income tax credit under section 47 of the Code and who makes rehabilitation expenses for a State-certified historic structure located in this State is allowed a credit equal to thirty percent (30%) of the rehabilitation expenses. If the certified historic structure is a facility that at one time served as a State training school for juvenile offenders, the amount of the credit is equal to forty percent (40%) of the expenditures that qualify for the federal credit. To qualify for the credit, the taxpayer's rehabilitation expenses must exceed twenty-five thousand dollars ($25,000) within a 24-month period. To claim the credit allowed by this subsection, the taxpayer must provide a copy of the certification obtained from the State Historic Preservation Officer verifying that the historic structure has been rehabilitated in accordance with this subsection.(b) Definitions. - The following definitions apply in this section:(1) Certified rehabilitation. - Repairs or alterations consistent with the Secretary of the Interior's Standards for Rehabilitation and certified as such by the State Historic Preservation Officer.(2) Rehabilitation expenses. - Expenses incurred in the certified rehabilitation of a certified historic structure and added to the property's basis. The term does not include the cost of acquiring the property, the cost attributable to the enlargement of an existing building, the cost of sitework expenditures, or the cost of personal property.(3) State-certified historic structure. - A structure that is individually listed in the National Register of Historic Places or is certified by the State Historic Preservation Officer as contributing to the historic significance of a National Register Historic District or a locally designated historic district certified by the United States Department of the Interior.(4) State Historic Preservation Officer. - The Deputy Secretary of Archives and History or the Deputy Secretary's designee who acts to administer the historic preservation programs within the State.(c) Recodified as G.S. 105-129.36A by Session Laws 2003-284, s. 35A.2, effective July 15, 2003. (1993, c. 527, ss. 1, 2; 1997-139, ss. 1, 2; 1998-98, ss. 36, 69; 1999-389, ss. 3, 5, 6; 2002-159, s. 35(e); 2003-284, ss. 35A.2, 35A.3; 2006-40, ss. 3, 4.)
NC Gen Stat § 105-129.36A (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3D - Historic Rehabilitation Tax Credits.|§ 105-129.36A - (See note for repeal) Rules; fees.

 105-129.36A. (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 the certification process required by this section.(b) Fees. - The North Carolina Historical Commission, in consultation with the State Historic Preservation Officer, may adopt a schedule of fees for providing certifications required by this Article. 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.  (1993, c. 527, ss. 1, 2; 1997-139, ss. 1, 2; 1998-98, ss. 36, 69; 1999-389, ss. 3, 5, 6; 2002-159, s. 35(e); 2003-284, s. 35A.2; 2015-241, s. 14.30(s).)
NC Gen Stat § 105-129.38 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3D - Historic Rehabilitation Tax Credits.|§ 105-129.38 - (See note for repeal) Report.

 105-129.38. (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.  (2005-429, s. 2.5; 2010-166, s. 1.4.)
NC Gen Stat § 105-129.39 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3D - Historic Rehabilitation Tax Credits.|§ 105-129.39 - Sunset.

 105-129.39. Sunset.This Article expires for qualified rehabilitation expenditures and rehabilitation expenses incurred on or after January 1, 2015. For qualified rehabilitation expenditures and rehabilitation expenses incurred prior to January 1, 2015, this Article expires for property not placed in service by January 1, 2023.  (2010-166, s. 1.5; 2012-36, s. 12(a); 2018-5, s. 38.10(j).)
NC Gen Stat § 105-129.40 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3E - Low-Income Housing Tax Credits.|§ 105-129.40 - (See Editor's note for repeal) Scope and definitions.

 105-129.40. (See Editor's note for repeal) Scope and definitions.(a) Scope. - G.S. 105-129.41 applies to buildings that are awarded a federal credit allocation before January 1, 2003. G.S. 105-129.42 applies to buildings that are awarded a federal credit allocation on or after January 1, 2003.(b) Definitions. - The definitions in section 42 of the Code and the following definitions apply in this Article:(1) Housing Finance Agency. - The North Carolina Housing Finance Agency established in G.S. 122A-4.(2) Pass-through entity. - Defined in G.S. 105-228.90. (2002-87, s. 1; 2003-416, s. 3.)
NC Gen Stat § 105-129.43 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3E - Low-Income Housing Tax Credits.|§ 105-129.43 - (See Editor's note for repeal) Substantiation.

 105-129.43. (See Editor's note for repeal) Substantiation.A taxpayer allowed a credit under this Article must maintain and make available for inspection any information or records required by the Secretary of Revenue or the Housing Finance Agency. The burden of proving eligibility for a credit and the amount of the credit rests upon the taxpayer. (2002-87, s. 1.)
NC Gen Stat § 105-129.44 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3E - Low-Income Housing Tax Credits.|§ 105-129.44 - (See note for repeal) Report.

 105-129.44. (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 credit allowed in this Article.(2) The location of each qualified North Carolina low-income building or housing development for which a credit was taken.(3) The total cost to the General Fund of the credits taken.  (2002-87, s. 1; 2005-429, s. 2.6; 2010-166, s. 1.6.)
NC Gen Stat § 105-129.45 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3E - Low-Income Housing Tax Credits.|§ 105-129.45 - Sunset.

 105-129.45. Sunset.This Article is repealed effective January 1, 2015. The repeal applies to developments to which federal credits are allocated on or after January 1, 2015.  (2002-87, s. 1; 2004-110, s. 4.1; 2008-107, s. 28.3(a).)
NC Gen Stat § 105-129.50 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3F - Research and Development.|§ 105-129.50 - (See note for repeal) Definitions.

 105-129.50. (See note for repeal) Definitions.The definitions in section 41 of the Code apply in this Article. In addition, the following definitions apply in this Article:(1) Development tier one area. - Defined in G.S. 143B-437.08.(2) Full-time job. - Defined in G.S. 105-129.81.(3) Reserved.(4) North Carolina university research expenses. - Any amount the taxpayer paid or incurred to a research university for qualified research performed in this State or basic research performed in this State.(4a) (Repealed effective for taxable years beginning on or after January 1, 2014) Participating community college. - A community college, as defined in G.S. 115D-2, that offers an associate in applied science degree in simulation and game development.(5) Period of measurement. - Defined in the Small Business Size Regulations of the federal Small Business Administration.(6) Qualified North Carolina research expenses. - Qualified research expenses, other than North Carolina university research expenses, for research performed in this State.(7) Receipts. - Defined in the Small Business Size Regulations of the federal Small Business Administration.(8) Related person. - Defined in G.S. 105-163.010.(9) Research university. - An institution of higher education that meets one or both of the following conditions:a. It is classified as one of the following in the most recent edition of "A Classification of Institutions of Higher Education", the official report of The Carnegie Foundation for the Advancement of Teaching:1. Doctoral/Research Universities, Extensive or Intensive.2. Masters Colleges and Universities, I or II.3. Baccalaureate Colleges, Liberal Arts or General.b. It is a constituent institution of The University of North Carolina.(10) Small business. - A business whose annual receipts, combined with the annual receipts of all related persons, for the applicable period of measurement did not exceed one million dollars ($1,000,000).  (2004-124, s. 32D.2; 2010-147, s. 3.2; 2011-330, s. 4; 2013-316, s. 2.3(b).)
NC Gen Stat § 105-129.51 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3F - Research and Development.|§ 105-129.51 - (See note for repeal) Taxpayer standards and sunset.

 105-129.51. (See note for repeal) Taxpayer standards and sunset.(a) A taxpayer is eligible for a credit allowed in this Article if it satisfies the requirements of G.S. 105-129.83(c), (d), (e), (f), and (g) relating to wage standard, health insurance, environmental impact, safety and health programs, and overdue tax debts, respectively.(b) This Article is repealed for taxable years beginning on or after January 1, 2016.(c) Repealed by Session Laws 2004-124, s. 32D.4, effective for taxable years beginning on or after January 1, 2006.  (2004-124, ss. 32D.2, s. 32D.4; 2006-252, s. 2.20; 2008-107, s. 28.2(a); 2010-147, s. 3.3; 2013-316, s. 2.3(c).)
NC Gen Stat § 105-129.52 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 3F - Research and Development.|§ 105-129.52 - (See note for repeal) Tax election; cap.

 105-129.52. (See note for repeal) Tax election; cap.(a) Tax Election. - A credit allowed in this Article is allowed against the franchise tax levied in Article 3 of this Chapter or the income taxes levied in Article 4 of this Chapter. The taxpayer must elect the tax against which a credit will be claimed when filing the return on which the credit is first claimed. This election is binding. Any carryforwards of a credit must be claimed against the same tax.(b) Cap. - A credit allowed in this Article may not exceed fifty percent (50%) of the amount of tax against which it is claimed for the taxable year, reduced by the sum of all other credits allowed against that tax, 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 against each tax for the taxable year. Any unused portion of a credit allowed in this Article may be carried forward for the succeeding 15 years. (2004-124, s. 32D.2; 2010-96, s. 40.3; 2010-147, s. 3.4.)