(a) Credit. – A taxpayer who is allowed a federal tax credit under Part IV, Subpart F of the Code for the taxable year is allowed a credit against the tax imposed by this Part. The credit is equal to a percentage of the amount of credit allowed under the Code for wages paid during the taxable year for positions located in this State. A position is located in this State if more than fifty percent (50%) of the employee’s duties are performed in the State. The percentage is as follows:
(1) For taxable year 2013, three percent (3%).
(2) For all other taxable years, six percent (6%).
(b) Sunset. – This section expires for taxable years beginning on or after January 1, 2014. ?(2007-323, s. 31.21(a); 2008-134, s. 2(a); 2012-36, s. 4; 2013-10, s. 4.)
Terms Used In North Carolina General Statutes 105-129.16G
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3