North Carolina Department of Revenue
IX. TAX INCENTIVES FOR RECYCLING FACILITIES
G.S. 105-129.27(d)- Clarifying Change: This subsection
was amended to clarify that consolidations and conversions constitute a reformulation
of the same business for purposes of the credits under Article 3C. Reformulations
of the same business do not create new eligibility for Article 3C tax credits.
A similar change was made to G.S. 105-129.4(e), which applies to the Article
(Effective for consolidations and conversions effective on or after December 15, 1999; SB 835, s. 5.3, S.L. 99-369.)