(a) The Department must include in the economic incentives report required by N.C. Gen. Stat. § 105-256 the following information itemized by taxpayer:

(1) The number of taxpayers that took the credits allowed in this Article.

Terms Used In North Carolina General Statutes 105-129.109

  • following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3

(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 N.C. Gen. Stat. § 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).)

  Previous section
Next section  
 Article 3L Contents