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N.C. Gen. Stat. § 105-129.70

(See note for repeal) Definitions

Redline — June 1, 2021 → current.View current text →
Current — June 1, 2022
As of June 1, 2021
The following definitions apply in this Article:
The following definitions apply in this Article:
(1) Certified historic structure. - Defined in section 47 of the Code.
(1) Certified historic structure. — Defined in section 47 of the Code.
(2) Certified rehabilitation. - Defined in G.S. 105-129.36.
(2) Certified rehabilitation. — Defined in G.S. 105-129.36.
(3) Cost certification. — The certification obtained by the State Historic Preservation Officer from the taxpayer of the amount of the qualified rehabilitation expenditures or the rehabilitation expenses incurred with respect to a certified rehabilitation of an eligible site.
(3) Cost certification. — The certification obtained by the State Historic Preservation Officer from the taxpayer of the amount of the qualified rehabilitation expenditures or the rehabilitation expenses incurred with respect to a certified rehabilitation of an eligible site. (3a) Development tier area. — Defined in G.S. 143B-437.08.
(4) Development tier area. - Defined in G.S. 143B-437.08.
(5) Eligibility certification. — The certification obtained from the State Historic Preservation Officer that the applicable facility comprises an eligible site.
(4) Eligibility certification. — The certification obtained from the State Historic Preservation Officer that the applicable facility comprises an eligible site.
(6) Eligible site. — A site located in this State that satisfies all of the following conditions: It was used as a manufacturing facility or for purposes ancillary to manufacturing, as a warehouse for selling agricultural products, or as a public or private utility.
(5) Eligible site. — A site located in this State that satisfies all of the following conditions: It was used as a manufacturing facility or for purposes ancillary to manufacturing, as a warehouse for selling agricultural products, or as a public or private utility.
(7) It is a certified historic structure or a State-certified historic structure.
(6) It is a certified historic structure or a State-certified historic structure.
(8) It has been at least eighty percent (80%) vacant for a period of at least two years immediately preceding the date the eligibility certification is made.
(7) It has been at least eighty percent (80%) vacant for a period of at least two years immediately preceding the date the eligibility certification is made.
(9) Repealed by Session Laws 2008-107, s. 28.4(a), effective for taxable years beginning on or after January 1, 2008.
(8) Repealed by Session Laws 2008-107, s. 28.4(a), effective for taxable years beginning on or after January 1, 2008.
(10) Repealed by Session Laws 2006-252, s. 2.22, effective January 1, 2007.
(9) Repealed by Session Laws 2006-252, s. 2.22, effective January 1, 2007.
(11) Pass-through entity. — Defined in G.S. 105-228.90.
(10) Pass-through entity. — Defined in G.S. 105-228.90.
(12) Qualified rehabilitation expenditures. — Defined in section 47 of the Code.
(11) Qualified rehabilitation expenditures. — Defined in section 47 of the Code.
(13) Rehabilitation expenses. — Defined in G.S. 105-129.36.
(12) Rehabilitation expenses. — Defined in G.S. 105-129.36.
(14) State-certified historic structure. — Defined in G.S. 105-129.36.
(13) State-certified historic structure. — Defined in G.S. 105-129.36.
(15) State Historic Preservation Officer. — Defined in G.S. 105-129.36.
(14) State Historic Preservation Officer. — Defined in G.S. 105-129.36.
History
(2006-40, s. 1; 2006-252, s. 2.22; 2008-107, s. 28.4(a).)
Article has a Delayed Repeal Date. - For repeal of this Article, see G.S. 105-129.75.
Effect of Amendments. - Session Laws 2006-252, s. 2.22, effective January 1, 2007, added subdivision (3a) and deleted subdivision (6), which read: "Enterprise tier area. - Defined in G.S. 105-129.3."
Session Laws 2008-107, s. 28.4(a), effective for taxable years beginning on or after January 1, 2008, in subdivision (3), inserted "a certified rehabilitation of"; in subdivision (4), deleted "and that the rehabilitation is a certified rehabilitation" from the end; and deleted subdivision (5)d, which read: "The cost certification documents that the qualified rehabilitation expenditures for a site for which a taxpayer is allowed a credit under section 47 of the Code or the rehabilitation expenses for a site for which the taxpayer is not allowed a credit under section 47 of the Code exceed three million dollars ($3,000,000) for the site as a whole."

Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.