North Carolina Department of Revenue

IX. TAX INCENTIVES FOR RECYCLING FACILITIES

Article 3B

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 3A credits.
(Effective for consolidations and conversions effective on or after December 15, 1999; SB 835, s. 5.3, S.L. 99-369.)