N.C. Gen. Stat. § 105-129.75
Sunset and applicable expenditures
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
(1) Sunset. — Except for credits allowed under G.S. 105-129.71(a1), this Article expires January 1, 2015, for rehabilitation projects for which an application for an eligibility certification is submitted on or after that date. Eligibility certifications under this Article expire January 1, 2023.
(1) Sunset. — Except for credits allowed under G.S. 105-129.71(a1), this Article expires, and a tax credit allowed under G.S. 105-129.71(a) may not be claimed, for rehabilitation projects not completed and placed in service prior to January 1, 2030.
(2) Delayed Sunset and Applicable Expenditures. — For credits allowed under G.S. 105-129.71(a1), the following applies: The qualified rehabilitation expenditures must be incurred on or after January 1, 2019, and before January 1, 2022.
(2) Delayed Sunset and Applicable Expenditures. — For credits allowed under G.S. 105-129.71(a1), the following applies: The qualified rehabilitation expenditures must be incurred on or after January 1, 2019, and before January 1, 2030.
(3) This Article expires, and a tax credit allowed under G.S. 105-127.71(a1) may not be claimed, for rehabilitation projects not completed and placed in service prior to January 1, 2022.
(3) This Article expires, and a tax credit allowed under G.S. 105-127.71(a1) may not be claimed, for rehabilitation projects not completed and placed in service prior to January 1, 2030.
History
(2006-40, s. 1; 2008-107, s. 28.4(d); 2010-31, s. 31.5(a); 2012-36, s. 12(b); 2015-241, s. 32.3(b); 2019-237, s. 3(d).)
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.