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|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|
|Creating Jobs (Article 3A)||90||2,392,102||January 1, 2007||§ 105-129.8||NC-478; NC-478A|
|Machinery and Equipment Investment (Article 3A)||559||34,929,999||January 1, 2007||§ 105-129.9||NC-478; NC-478B|
|Research and Development (Article 3A)||66||2,304,577||January 1, 2007||§ 105-129.10||NC-478|
|Worker Training (Article 3A)||0||0||January 1, 2007||§ 105-129.11||NC-478|
|Investing in Central Office or Aircraft Facility (Article 3A)||14||915,384||January 1, 2007||§ 105-129.12||NC-478; NC-478E|
|Technology Commercialization (Article 3A)||5||3,840||January 1, 2007||§ 105-129.9A||NC-478|
|Substantial Investment in Other Property (Article 3A)||1||28,834||January 1, 2007||§ 105-129.12A||NC-478|
|Development Zone Projects (Article 3A)||0||0||January 1, 2007||§ 105-129.13||NC-478|
|Business Property (Article 3B)||42||8,649||January 1, 2002||§ 105-129.16||NC-478|
|Renewable Energy Property (Article 3B)
|1,736||53,413,978||January 1, 2016||§ 105-129.16A||NC-478; NC-478G|
|Constructing Renewable Fuel Facilities (Article 3B)||7||18,337||January 1, 2014||§ 105-129.16D||NC-478|
|Small Business Employee Health Insurance (Article 3B)||294||105,513||January 1, 2010||§ 105-129.16E||NC-478|
|Biodiesel Producers (Article 3B)||5||7,986||January 1, 2014||§ 105-129.16F||NC-478|
|Work Opportunity (Article 3B)||273||3,499,930||January 1, 2014||§ 105-129.16G||NC-478|
|Donating Funds for Purchases of Renewable Energy Property (Article 3B)||1||2,599||January 1, 2016||§ 105-129.16H||NC-478|
|Facility for Manufacturing Renewable Energy Property (Article 3B)||7||178,515||January 1, 2014||§ 105-129.16I||NC-478|
|Investing in Major Recycling Facility (Article 3C)||1||2,781,147||None||§ 105-129.27||CD-425|
|Historic Rehabilitation (Article 3D):|
|Income-Producing Property||237||6,319,398||January 1, 2015||§ 105-129.35||D-400TC or CD-425|
|Non-Income-Producing Property||550||5,558,453||January 1, 2015||§ 105-129.36||D-400TC or CD-425|
|Low-Income Housing (Article 3E):|
|Awarded a Federal Credit Allocation before Jan. 1, 2003||12||1,383,392||January 1, 2015||§ 105-129.41||NC-478; NC-478H|
|Awarded a Federal Credit Allocation on or after Jan. 1, 2003||40||47,946,132||January 1, 2015||§ 105-129.42||None/ Notification from NC Housing Finance Agency|
|N.C. Research and Development (Article 3F)||686||43,957,358||January 1, 2016||§ 105-129.55||NC-478; NC-478I|
|Interactive Digital Media (Article 3F)||40||6,201,334||January 1, 2014||§ 105-129.56||NC-478; NC-478I|
|Mill Rehabilitation (Article 3H):|
|Income-Producing Property||20||6,382,611||January 1, 2015||§ 105-129.71||D-400TC or CD-425|
|Non-Income-Producing Property||21||238,631||January 1, 2015||§ 105-129.72||D-400TC or CD-425|
|Creating Jobs (Article 3J)||344||13,382,285||January 1, 2014||§ 105-129.87||NC-478; NC-478J|
|Investing in Business Property (Article 3J)||565||46,710,024||January 1, 2014||§ 105-129.88||NC-478; NC-478K|
|Investing in Real Property (Article 3J)||15||709,312||January 1, 2014||§ 105-129.89||NC-478; NC-478L|
|Railroad Intermodal Facility (Article 3K)||0||0||January 1, 2038||§ 105-129.96||NC-478|
|NC State Ports Authority Charges||32||151,038||January 1, 2014||§ 105-130.41 & § 105-151.22||NC-478|
|Cigarette Exportation||2||11,075,808||January 1, 2018||§ 105-130.45||NC-478|
|Cigarette Exportation while Increasing Employment||0||0||January 1, 2018||§ 105-130.46||NC-478|
|Film Production||38||62,838,740||January 1, 2015||§ 105-130.47 & § 105-151.29||NC-415|
|Economic Incentive Refunds (Sales & Use Tax) (§ 105-164.14A.):|
|Passenger Air Carrier||1||9,225,882||January 1, 2016||§ 105-164.14A.(a)(1)||E-588B|
|Major Recycling Facility||0||0||None||§ 105-164.14A.(a)(2)||E-585S|
|Business in Low-Tier Area||5||68,255||same as Article 3J||§ 105-164.14A.(a)(3)||E-585S|
|Motorsports Team or Sanctioning Body||5||114,645||January 1, 2016||§ 105-164.14A.(a)(4)||E-588A|
|Professional Motorsports Team||13||1,376,507||January 1, 2016||§ 105-164.14A.(a)(5)||E-585S|
|Analytical Services Business||2||151,869||January 1, 2014||§ 105-164.14A.(a)(6)||E-588D|
|Railroad Intermodal Facility||1||309,356||January 1, 2038||§ 105-164.14A.(a)(7)||E-585S|
|Certain Industrial Facilities Refunds (Sales & Use Tax)||1||40,661||January 1, 2014||§ 105-164.14B.(b)||E-585S|
|Sales & Use Refunds Supplement - Detail||14||5,934,449|
|Reports of Credits Generated||Number of Taxpayers||Credits Generated|
|Article 3J Credits Generated by Taxpayer|
|Investing in Business Property||284||214,373,297|
|Investing in Real Property||4||12,628,010|
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.
Exceptions to Article 3A carryforwards:
- large investments can have 20 years of carryforwards.
- taxpayers who invest at least $50 million in real property, machinery and equipment, or central office or aircraft facility property can have 10 years.
Exception for Article 3J carryforward:
- If the Secretary of Commerce certifies that the taxpayer's investment will exceed $150 million, carryforwards may be taken for 20 years.
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 (6.9%).