North Carolina § 105-129 - 73. (See note for repeal) Tax credited; cap.
Full text of North Carolina North Carolina General Statutes § 105-129 — 73. (See note for repeal) Tax credited; cap., with citation guidance and answers to common questions.
§ 105-129. 73. (See note for repeal) Tax credited; cap.
Taxes Credited. - The credits allowed by this Article may be claimed against the franchise tax imposed under Article 3 of this Chapter, the income taxes imposed under Article 4 of this Chapter, or the gross premiums tax imposed under Article 8B of this Chapter. The taxpayer may take the credits allowed by this Article against only one of the taxes against which it is allowed. The taxpayer must elect the tax against which a credit will be claimed when filing the return on which it is claimed. This election is binding. Any carryforwards of the credit must be claimed against the same tax. Cap. - A credit allowed under this Article may not exceed the amount of the tax against which it is claimed for the taxable year reduced by the sum of all credits allowed, except payment of tax made by or on behalf of the taxpayer. Any unused portion of the credit may be carried forward for the succeeding nine years. History (2006-40, s. 1.) Article has a Delayed Repeal Date. - For delayed repeal of Article 3H, see G.S. 105-129.75 .
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 105-129
What does North Carolina General Statutes § 105-129 cover?
Section 105-129 ("73. (See note for repeal) Tax credited; cap.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 105-129?
A common citation format is "North Carolina General Statutes § 105-129" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 105-129 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.