NC H1128

Creates "opportunity advancement zones" as designated areas in counties that meet income and unemployment criteria, with designations effective until December 31 of the following year.

Limits opportunity advancement zones to no more than 5% of a county's total area, with county boards of commissioners applying to the Secretary of Commerce for designation.

Grants opportunity advancement zones tier one tax credit treatment if located in a tier one county, or the next lower tier designation if located in tier two or three counties.

Expands job creation and business investment tax credits to include opportunity advancement zones alongside urban progress zones, port enhancement zones, and agrarian growth zones.

Effective for taxable years beginning on or after January 1, 2013.