Article 3J Tax Credits (North Carolina)

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Last modified on February 12, 2015.

EZFeed Policy

Place North Carolina


   
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
Active Policy Yes

Implementing Sector State/Province



























Program Administrator North Carolina Department of Revenue
Primary Website http://www.ncga.state.nc.us/enactedlegislation/statutes/html/byarticle/chapter_105/article_3j.html



Last Review 2014-09-15


Information Source http://thrivenc.com/incentives/financial/tax-credits/article-3j-tax-credits

http://www.dor.state.nc.us/taxes/corporate/article3j.pdf


Summary

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.



Policy Contact

Department Department of Revenue
Division Corporate Tax Division
Address 501 N Wilmington St

Place Raleigh, North Carolina
Zip/Postal Code 27604
Phone 919-733-8510




     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: Chap 105, Sec 3J




















References