North Carolina General Statutes 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 N.C. Gen. Stat. § 143B-437.08
Terms Used In North Carolina General Statutes 105-129.50
- 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
- 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
(2) Full-time job. – Defined in N.C. Gen. Stat. § 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(4a) (Repealed effective for taxable years beginning on or after January 1, 2014) Participating community college.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 N.C. Gen. Stat. § 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 N.C. Gen. Stat. § 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).)