Article 3J Tax Credits (North Carolina)
Last modified on February 12, 2015.
|Applies to States or Provinces||North Carolina|
|Name||Article 3J Tax Credits (North Carolina)|
|Policy Category||Financial Incentive|
|Policy Type||Corporate Tax Incentive|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Program Administrator||North Carolina Department of Revenue|
Article 3J Tax Credits can be used to offset up to 50% of a taxpayer’s state income and/or franchise tax liability. The credits are offered for businesses which create fulltime jobs, invest in capital infrastructure, or invest at least $10 million in real property and create at least 200 new jobs. Projects located within designated municipalities (Urban Progress Zones) or designated counties (Agrarian Growth Zones) may receive enhanced Article 3J credits.
|Department||Department of Revenue|
|Division||Corporate Tax Division|
|Address||501 N Wilmington St|
|Place||Raleigh, North Carolina|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Chap 105, Sec 3J|