2025 Economic Incentives Report

Click on links to go to taxpayer-detail reports.

2025 Economic Incentive Tax Credits and Refunds Report Summary
Reports of Credits Taken or Refunds Claimed	Number of Taxpayers	Credits Taken/ Refunds Claimed	Sunset for Generating Credits or Refundable Purchases	Statute	DOR Tax Forms Required
Research and Development (Article 3A)	0	0	January 1, 2007	§ 105-129.10	NC-478
Technology Commercialization (Article 3A)	0	0	January 1, 2007	§ 105-129.9A	NC-478
Substantial Investment in Other Property (Article 3A)	14	47,129	January 1, 2007	§ 105-129.12A	NC-478
Renewable Energy Property (Article 3B)	122	16,095,462	January 1, 2016	§ 105-129.16A	NC-478; NC-478G
Constructing Renewable Fuel Facilities (Article 3B)	5	15,172	January 1, 2014	§ 105-129.16D	NC-478
Donating Funds for Purchases of Renewable Energy Property (Article 3B)	2	29,253	January 1, 2016	§ 105-129.16H	NC-478
Facility for Manufacturing Renewable Energy Property (Article 3B)	1	6,828	January 1, 2014	§ 105-129.16I	NC-478
Investing in Major Recycling Facility (Article 3C)	2	5,768,992	None	§ 105-129.27	CD-425
Historic Rehabilitation (Article 3D): Income-Producing Property	62	175,185	January 1, 2015	§ 105-129.35	D-400TC or CD-425
Historic Rehabilitation (Article 3D): Non-Income-Producing Property	53	184,735	January 1, 2015	§ 105-129.36	D-400TC or CD-425
N.C. Research and Development (Article 3F)	91	6,986,960	January 1, 2016	§ 105-129.55	NC-478; NC-478I
Interactive Digital Media (Article 3F)	20	112,246	January 1, 2014	§ 105-129.56	NC-478; NC-478I
Mill Rehabilitation (Article 3H): Income-Producing Property	24	42,649,863	January 1, 2030	§ 105-129.71	D-400TC or CD-425
Mill Rehabilitation (Article 3H): Non-Income-Producing Property	16	44,676	N/A	§ 105-129.72	D-400TC or CD-425
Creating Jobs (Article 3J)	7	219,337	January 1, 2014	§ 105-129.87	NC-478; NC-478J
Investing in Business Property (Article 3J)	15	7,393,219	January 1, 2014	§ 105-129.88	NC-478; NC-478K
Investing in Real Property (Article 3J)	10	239,518	January 1, 2014	§ 105-129.89	NC-478; NC-478L
Railroad Intermodal Facility (Article 3K)	1	935,214	January 1, 2038	§ 105-129.96	NC-478
Historic Rehabilitation (Article 3L): Income-Producing Property	120	4,315,853	January 1, 2030	§ 105-129.105	NC-Rehab
Historic Rehabilitation (Article 3L): Non-Income-Producing Property	89	545,487	January 1, 2030	§ 105-129.106	NC-Rehab
Cigarette Exportation	0	0	January 1, 2018	§ 105-130.45	NC-478
Cigarette Exportation while Increasing Employment	0	0	January 1, 2018	§ 105-130.46	NC-478
Film and Entertainment Grant/ Film Production Credit	14	41,313,912	None	§ 143B-437.02A	Administered by NC Dept. of Commerce
Economic Incentive Refunds (Sales & Use Tax) (§ 105-164.14A.): Passenger Air Carrier	0	0	January 1, 2016	§ 105-164.14A.(a)(1)	E-588B
Economic Incentive Refunds (Sales & Use Tax) (§ 105-164.14A.): Major Recycling Facility	1	51,393	None	§ 105-164.14A.(a)(2)	E-585S
Economic Incentive Refunds (Sales & Use Tax) (§ 105-164.14A.): Business in Low-Tier Area	0	0	January 1, 2014	§ 105-164.14A.(a)(3)	E-585S
Economic Incentive Refunds (Sales & Use Tax) (§ 105-164.14A.): Motorsports Team or Sanctioning Body	4	132,244	January 1, 2029	§ 105-164.14A.(a)(4)	E-588A
Economic Incentive Refunds (Sales & Use Tax) (§ 105-164.14A.): Professional Motorsports Team	13	1,506,363	January 1, 2028	§ 105-164.14A.(a)(5)	E-585S
Economic Incentive Refunds (Sales & Use Tax) (§ 105-164.14A.): Analytical Services Business	0	0	January 1, 2014	§ 105-164.14A.(a)(6)	E-588D
Economic Incentive Refunds (Sales & Use Tax) (§ 105-164.14A.): Railroad Intermodal Facility	0	0	January 1, 2038	§ 105-164.14A.(a)(7)	E-585S
Economic Incentive Refunds (Sales & Use Tax) (§ 105-164.14A.): Transformative Projects	0	0	None	§ 105-164.14A.(a)(8)	NC-19
Certain Industrial Facilities Refunds (Sales & Use Tax)	0	0	January 1, 2014	§ 105-164.14B.(b)	E-585S
Sales & Use Refunds Supplement	11	1,422,792	N/A	N/A	N/A

Notes

Exception to sunset for credit for Renewable Energy Property:
- extension of sunset to Jan. 1, 2017 for taxpayers who met the requirements of G.S. 105-129.16A(f).
- extension of sunset to May 5, 2017 for renewable energy property utilizing renewable biomass resources.
The Film Production Credit was repealed for qualifying expenses occuring on or after January 1, 2015 (G.S. 105-130.47 & 105-151.29).
Exception to sunset for credit for Constructing Renewable Fuel Facilities:
- extension of sunset to Jan. 1, 2017 for taxpayers who sign a letter of commitment as of Sept. 1, 2013, and begin construction on or before Dec. 1, 2013.
Exceptions to Article 3A sunsets:
- extension of sunset to Jan. 1, 2008 for taxpayers who submit a letter of commitment to create jobs or make new investments to the Department of Commerce.
- extension of sunset to Jan. 1, 2010 for an interstate air courier that has a real estate lease of at least 100 acres for a term in excess of 15 years.
- extension of sunset to Jan. 1, 2010 for a taxpayer that qualifies as an eligible major industry.
- extension of sunset to Jan. 1, 2010 for certain taxpayers located in a Development Zone.
For Article 3A and Article 3J, installments begin in the year after the credit was generated.
Sunset dates for S&U economic incentive refunds indicate the initial date for which purchases are deemed ineligible for refund.
The estimates of credits taken do not include the effect of G.S. 105-130.5(a)(10). This provision effectively increases the income tax liability of corporations by the amount of credit multiplied by the tax rate.

Off

Notes

Related Content