North Carolina § 105-129 - 54. (See note for repeal) Report.

§ 105-129. 54. (See note for repeal) Report.

The Department must include in the economic incentives report required by G.S. 105-256 the following information itemized by credit and by taxpayer: The number of taxpayers that took a credit allowed in this Article, itemized by the categories of small business, low-tier, university research, Eco-Industrial Park, and other. The amount of each credit taken in each category. The total cost to the General Fund of the credits taken. History (2004-124, s. 32D.2; 2005-429, s. 2.7; 2010- 147, s. 3.5; 2010-166, s. 1.7; 2013-316, s. 2.3(d).) Article has a Delayed Repeal Date. - For repeal of this Article, see G.S. 105-129.51(b) . Editor's Note. - Session Laws 2010-166, s. 4, provides in part, "The first claim for refund by a taxpayer whose sales tax refund period is changed by this act is due within six months after July 1, 2010, and applies to purchases during the time period not covered by the taxpayer's last claim for refund." Session Laws 2013-316, s. 9(a), provides: "This act does not affect the rights or liabilities of the State, a taxpayer, or another person arising under a statute amended or repealed by this act before the effective date of its amendment or repeal; nor does it affect the right to any refund or credit of a tax that accrued under the amended or repealed statute before the effective date of its amendment or repeal." Effect of Amendments. - Session Laws 2005-429, s. 2.6, effective January 1, 2007, in the introductory language, substituted "publish" for "report to the Revenue Laws Study Committee and the Fiscal Research Division of the General Assembly" and "December 31" for "April 1"; substituted "took" for "claimed" in subdivision (1); and substituted "taken" for "claimed" in subdivisions (2) and (3). Session Laws 2010-147, s. 3.5, effective for taxable years beginning on or after January 1, 2011, in the introductory language, inserted "credit and by"; and rewrote subdivision (1), which formerly read: "The number of taxpayers that took a credit allowed in this Article, itemized by the categories of small business, low-tier, other, and university research." Session Laws 2010-166, s. 1.7, effective July 1, 2010, in the section catchline, substituted "Report" for "Reports"; and rewrote the introductory paragraph, which formerly read: "The Department of Revenue must publish by May 1 of each year the following information itemized by taxpayer for the 12-month period ending the preceding December 31." Session Laws 2013-316, s. 2.3(d), effective for taxable years beginning on or after January 1, 2014, in subdivision (1), substituted "Article," for "Article. The credit allowed under G.S. 105-129.55 must be" and deleted the former third sentence, which read "The credit allowed under G.S. 105-129.56 must be itemized by the categories of higher education collaboration and other."