NC H1932

Creates a new "Eco-Industrial Park" designation with tier one development status, requiring 100+ developable acres, location in counties without vehicle emissions inspection requirements, energy-efficient building standards, and businesses in clean industry sectors.

Grants priority status to projects located in certified Eco-Industrial Parks when competing for North Carolina Green Business Fund grants and other state funding, with exemptions from grant caps and matching fund requirements.

Increases the renewable energy property tax credit ceiling from $2.5 million to $5 million per installation for facilities located in certified Eco-Industrial Parks.

Extends the tax credit sunset date for renewable energy facilities in certified Eco-Industrial Parks from January 1, 2011 to January 1, 2012.

Establishes a 35% research and development tax credit for qualified expenses performed in certified Eco-Industrial Parks, compared to lower rates for other locations.