North Carolina § 105-129 - 85. (See notes) Fees and reports.

§ 105-129. 85. (See notes) Fees and reports.

Fee. - When filing a return for a taxable year in which the taxpayer engaged in activity for which the taxpayer is eligible for a credit under this Article, the taxpayer shall pay the Department of Revenue a fee of five hundred dollars ($500.00) for each type of credit the taxpayer claims or intends to claim with respect to an establishment. The fee is due at the time the return is due for the taxable year in which the taxpayer engaged in the activity for which the taxpayer is eligible for a credit. No credit is allowed under this Article for a taxable year until all outstanding fees have been paid. Fees collected under this section shall be credited to the General Fund. 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 and amount of credits generated and taken for each credit allowed in this Article. The number and development tier area of new jobs with respect to which credits were generated and to which credits were taken. The cost and development tier area of business property with respect to which credits were generated and to which credits were taken. The cost and development tier area of real property investment with respect to which credits were generated and to which credits were taken. History (2006-252, s. 1.1; 2010-166, s. 1.9.) Article has a Delayed Repeal Date. - For delayed repeal of Article 3J, see G.S. 105-129.82(a) . 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 2010-166, s. 1.9, effective July 1, 2010, rewrote the introductory paragraph in subsection (b), which formerly read: "Reports. - The Department of Revenue shall publish by May 1 of each year the following information itemized by credit and by taxpayer for the 12-month period ending the preceding December 31."