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2013 Economic Incentives ReportClick on links to go to taxpayer-detail reports.
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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 |
Number of Installments |
Carry-forward Years |
Statute |
DOR Tax Forms Required |
|---|---|---|---|---|---|---|---|
| Creating Jobs (Article 3A) | 209 |
4,121,708 |
January 1, 2007 |
4 |
5 |
§ 105-129.8 |
NC-478; NC-478A |
| Machinery and Equipment Investment (Article 3A) | 638 |
31,422,010 |
January 1, 2007 |
7 |
5 |
§ 105-129.9 |
NC-478; NC-478B |
| Research and Development (Article 3A) | 56 |
2,844,528 |
January 1, 2007 |
NA |
15 |
§ 105-129.10 |
NC-478 |
| Worker Training (Article 3A) | 26 |
53,192 |
January 1, 2007 |
NA |
5 |
§ 105-129.11 |
NC-478; NC-478E |
| Investing in Central Office or Aircraft Facility (Article 3A) | 18 |
288,497 |
January 1, 2007 |
7 |
5 |
§ 105-129.12 |
NC-478 |
| Technology Commercialization (Article 3A) | 4 |
4,804 |
January 1, 2007 |
NA |
20 |
§ 105-129.9A |
NC-478 |
| Substantial Investment in Other Property (Article 3A) | 2 |
679,450 |
January 1, 2007 |
7 |
20 |
§ 105-129.12A |
NC-478 |
| Development Zone Projects (Article 3A) | 0 |
0 |
January 1, 2007 |
NA |
20 |
§ 105-129.13 |
NC-478 |
| Business Property (Article 3B) | 270 |
80,823 |
January 1, 2002 |
5 |
5 |
§ 105-129.16 |
NC-478 |
| Renewable Energy Property (Article 3B) | 1,494 |
27,904,722 |
January 1, 2016 |
5 for business-related property |
5 |
§ 105-129.16A |
NC-478; NC-478G |
| Non-Hazardous Dry-Cleaning (Article 3B) | 0 |
0 |
January 1, 2006 |
NA |
5 |
§ 105-129.16C |
NC-478 |
| Constructing Renewable Fuel Facilities (Article 3B) | 20 |
177,629 |
January 1, 2014 |
7 |
5 |
§ 105-129.16D |
NC-478 |
| Small Business Employee Health Insurance (Article 3B) | 1,087 |
490,921 |
January 1, 2010 |
NA |
5 |
§ 105-129.16E |
NC-478 |
| Biodiesel Producers (Article 3B) | 5 |
30,532 |
January 1, 2014 |
NA |
5 |
§ 105-129.16F |
NC-478 |
| Work Opportunity (Article 3B) | 229 |
2,419,494 |
January 1, 2014 |
NA |
5 |
§ 105-129.16G |
NC-478 |
| Donating Funds to Non-Profit Organization (Article 3B) | 5 |
2,621 |
None |
NA |
5 |
§ 105-129.16H |
NC-478 |
| Facility for Manufacturing Renewable Energy Property (Article 3B) | 9 |
15,262 |
January 1, 2014 |
5 |
5 |
§ 105-129.16I |
NC-478 |
| Small Business Unemployment Insurance (Article 3B) | 28,744 |
8,882,777 |
January 1, 2012 |
NA |
NA |
§ 105-129.16J |
D-400TC or CD-425 |
| Investing in Large or Major Recycling Facility (Article 3C) | 1 |
1,429,162 |
None |
NA |
25 |
§ 105-129.27 |
CD-425 |
| Historic Rehabilitation (Article 3D): | |||||||
Income-Producing Property |
207 |
6,902,940 |
January 1, 2015 |
5 |
5 |
§ 105-129.35 |
D-400TC or CD-425 |
Non-Income-Producing Property |
554 |
5,159,626 |
January 1, 2015 |
5 |
5 |
§ 105-129.36 |
D-400TC or CD-425 |
| Low-Income Housing (Article 3E): | |||||||
| Awarded a Federal Credit Allocation before Jan. 1, 2003 |
14 |
1,489,762 |
January 1, 2015 |
5 |
5 |
§ 105-129.41 |
NC-478; NC-478H |
| Awarded a Federal Credit Allocation on or after Jan. 1, 2003 |
41 |
50,926,142 |
January 1, 2015 |
NA |
NA |
§ 105-129.42 |
None/ Notification from NC Housing Finance Agency |
| N.C. Research and Development (Article 3F) | 602 |
35,768,842 |
January 1, 2014 |
NA |
15 |
§ 105-129.55 |
NC-478; NC-478I |
| Interactive Digital Media (Article 3F) | 24 |
2,562,130 |
January 1, 2014 |
NA |
15 |
§ 105-129.56 |
NC-478; NC-478I |
| Mill Rehabilitation (Article 3H): | |||||||
| Income-Producing Property |
18 |
29,045,943 |
January 1, 2015 |
NA |
9 |
§ 105-129.71 |
D-400TC or CD-425 |
| Non-Income-Producing Property |
26 |
326,272 |
January 1, 2015 |
5 |
9 |
§ 105-129.72 |
D-400TC or CD-425 |
| Creating Jobs (Article 3J) | 242 |
5,417,293 |
January 1, 2014 |
4 |
5 |
§ 105-129.87 |
NC-478; NC-478J |
| Investing in Business Property (Article 3J) | 456 |
22,734,810 |
January 1, 2014 |
4 |
5 |
§ 105-129.88 |
NC-478; NC-478K |
| Investing in Real Property (Article 3J) | 8 |
309,055 |
January 1, 2014 |
7 |
15 |
§ 105-129.89 |
NC-478; NC-478L |
| Railroad Intermodal Facility (Article 3K) | 0 |
0 |
January 1, 2038 |
NA |
10 |
§ 105-129.96 |
NC-478 |
| NC State Ports Authority Charges | 35 |
793,547 |
January 1, 2014 |
NA |
5 |
§ 105-130.41 & § 105-151.22 |
NC-478 |
| Cigarette Exportation | 1 |
4,392,320 |
January 1, 2018 |
NA |
10 |
§ 105-130.45 |
NC-478 |
| Cigarette Exportation while Increasing Employment | 1 |
6,000,000 |
January 1, 2018 |
NA |
10 |
§ 105-130.46 |
NC-478 |
| Film Production | 30 |
69,281,988 |
January 1, 2015 |
NA |
NA |
§ 105-130.47 & § 105-151.29 |
NC-415 |
| Economic Incentive Refunds (Sales & Use Tax) (§ 105-164.14A.): | |||||||
| Passenger Air Carrier |
1 |
13,378,549 |
January 1, 2014 |
NA |
NA |
§ 105-164.14A.(a)(1) |
E-588B |
| Major Recycling Facility |
0 |
0 |
None |
NA |
NA |
§ 105-164.14A.(a)(2) |
E-585S |
Business in Low-Tier Area |
4 |
150,329 |
same as Article 3J |
NA |
NA |
§ 105-164.14A.(a)(3) |
E-585S |
| Motorsports Team or Sanctioning Body |
9 |
146,977 |
January 1, 2014 |
NA |
NA |
§ 105-164.14A.(a)(4) |
E-588A |
| Professional Motorsports Team |
16 |
1,208,842 |
January 1, 2014 |
NA |
NA |
§ 105-164.14A.(a)(5) |
E-585S |
| Analytical Services Business |
3 |
176,072 |
January 1, 2014 |
NA |
NA |
§ 105-164.14A.(a)(6) |
E-588D |
| Railroad Intermodal Facility |
0 |
0 |
January 1, 2038 |
NA |
NA |
§ 105-164.14A.(a)(7) |
E-585S |
| Certain Industrial Facilities Refunds (Sales & Use Tax) | 3 |
1,753,434 |
January 1, 2014 |
NA |
NA |
§ 105-164.14B.(b) |
E-585S |
| Sales & Use Refunds Supplement - Detail | 14 |
7,512,819 |
|||||
Reports of Credits Generated |
Number of Taxpayers |
Credits Generated |
|---|---|---|
| Article 3A Credits Generated by Taxpayer | ||
| Creating Jobs |
0 |
0 |
Creating Jobs in Development Zones |
0 |
0 |
Machinery and Equipment |
2 |
1,325,027 |
Research & Development |
2 |
161,877 |
| Other Article 3A Credits Generated by Taxpayer | 1 |
1,732,782 |
| Article 3J Credits Generated by Taxpayer | ||
157 |
53,257,595 |
|
249 |
110,221,134 |
|
2 |
5,874,057 |
|
Archives
NOTES
Exceptions to Article 3A sunsets:
(1) 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.
(2) 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.
(3) extension of sunset to Jan. 1, 2010 for a taxpayer that qualifies as an eligible major industry.
(4) 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%).
Last modified on: 04/30/13 02:37:41 PM .
