North Carolina § 105-129 - 70. (See note for repeal) Definitions.

§ 105-129. 70. (See note for repeal) Definitions.

The following definitions apply in this Article: Certified historic structure. - Defined in section 47 of the Code. Certified rehabilitation. - Defined in G.S. 105-129.36. 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. Development tier area. - Defined in G.S. 143B-437.08. Eligibility certification. - The certification obtained from the State Historic Preservation Officer that the applicable facility comprises an eligible site. 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. It is a certified historic structure or a State-certified historic structure. 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. Repealed by Session Laws 2008-107, s. 28.4(a), effective for taxable years beginning on or after January 1, 2008. Repealed by Session Laws 2006-252, s. 2.22, effective January 1, 2007. Pass-through entity. - Defined in G.S. 105-228.90. Qualified rehabilitation expenditures. - Defined in section 47 of the Code. Rehabilitation expenses. - Defined in G.S. 105-129.36. State-certified historic structure. - Defined in G.S. 105-129.36. 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."