North Carolina § 105-129 - 75. Sunset and applicable expenditures.
Full text of North Carolina North Carolina General Statutes § 105-129 — 75. Sunset and applicable expenditures., with citation guidance and answers to common questions.
§ 105-129. 75. Sunset and applicable expenditures.
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. 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. 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. 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).) Editor's Note. - Session Laws 2019-237, s. 9, provides: "If any provision of this act and G.S. 143C-5-4 are in conflict, the provisions of this act shall prevail." Effect of Amendments. - Session Laws 2008-107, s. 28.4(d), effective for taxable years beginning on or after January 1, 2008, substituted "January 1, 2011, for rehabilitation projects for which an application for an eligibility certification is submitted on or after that date" for "for qualified rehabilitation expenditures and rehabilitation expenses incurred on or after January 1, 2011." Session Laws 2010-31, s. 31.5(a), effective June 30, 2010, substituted "January 1, 2014" for "January 1, 2011." Session Laws 2012-36, s. 12(b), effective June 20, 2012, substituted "January 1, 2015" for "January 1, 2014". Session Laws 2015-241, s. 32.3(b), effective September 18, 2015, added the last sentence. Session Laws 2019-237, s. 3(d), effective November 1, 2019, added "and applicable expenditures" in the section heading; designated the existing provision as present subsection (a) and substituted "Sunset. - Except for credits allowed under G.S. 105-129.71(a1) , this" for "This" at the beginning; and added subsection (b).
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 ("75. Sunset and applicable expenditures.") 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.