North Carolina General Statutes Chapter 105 - Taxation Article 3J - Tax Credits for Growing Businesses. § 105-129.88 - (See notes) Credit for investing in business property

This scheme provides tax credits to businesses that meet the eligibility requirements and have purchased or leased business property and placed it in service in the state during the taxable year. The credit is equal to the applicable percentage of the excess of the eligible investment amount over the applicable threshold. The applicable percentage varies by area development tier. The credit may not be taken for the taxable year in which the business property is placed in service but shall be taken in equal installments over the four years following the taxable year in which it is placed in service.