Section 105-129.16G - [Expiring for taxable years beginning on or after January 1, 2014] Work Opportunity Tax Credit(a) Credit. - A taxpayer who is allowed a federal tax credit under Part IV, Subpart F of the Code for the taxable year is allowed a credit against the tax imposed by this Part. The credit is equal to a percentage of the amount of credit allowed under the Code for wages paid during the taxable year for positions located in this State. A position is located in this State if more than fifty percent (50%) of the employee's duties are performed in the State. The percentage is as follows: (1) For taxable year 2013, three percent (3%).(2) For all other taxable years, six percent (6%).(b) Sunset. - This section expires for taxable years beginning on or after January 1, 2014.N.C. Gen. Stat. § 105-129.16G
Amended by 2013 N.C. Sess. Laws 10,s. 4, eff. 3/13/2013.Amended by 2012 N.C. Sess. Laws 36,s. 4, eff. 6/20/2012.Amended by 2008 N.C. Sess. Laws 134,s. 2.(a), eff. 1/1/2008.Added by 2007 N.C. Sess. Laws 323,s. 31.21.(a), eff. 1/1/2007. See 2013 N.C. Sess. Laws 10, s. 11.